Question: - - - - - - - - - 7. Perform the recoverability test to determine whether an impairment is necessary for a building with

- - - - - - - - - 7. Perform

- - - - - - - - - 7. Perform the recoverability test to determine whether an impairment is necessary for a building with carrying value - $100,000, value in use - $99,000, fair market value - $97,000, cost to sell - $2000, undiscounted future cash flows - 98,000. If so, how much is the impairment amount under (a) GAAP (Epts) and (b) IFRS(&pts)? 8. In the case of Case 04-3 Home Computer, Inc., the video monitor operations include the Seattle facility (building), equipments, and special interior building configuration assets. After discontinue its video monitor operations, other component parts will continue to be manufactured at the Seattle facility. Discuss the grouping of assets for the purpose of impairment.(9pts)... . - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 7. Perform the recoverability test to determine whether an impairment is necessary for a building with carrying value - $100,000, value in use - $99,000, fair market value - $97,000, cost to sell - $2000, undiscounted future cash flows - 98,000. If so, how much is the impairment amount under (a) GAAP (Epts) and (b) IFRS(&pts)? 8. In the case of Case 04-3 Home Computer, Inc., the video monitor operations include the Seattle facility (building), equipments, and special interior building configuration assets. After discontinue its video monitor operations, other component parts will continue to be manufactured at the Seattle facility. Discuss the grouping of assets for the purpose of impairment.(9pts)

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