Pink Company had an equipment with a carrying amount of P470,000 at year end. The following...

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Pink Company had an equipment with a carrying amount of P470,000 at year end. The following information was available at year end: Expected undiscounted net cash flows Expected discounted net cash flows Fair value, using similar asset Fair value, assuming the asset is sold stand-alone 420,000 400,000 415,000 428,000 What is the impairment loss that should be reported in the income statement for the current year? Pink Company had an equipment with a carrying amount of P470,000 at year end. The following information was available at year end: Expected undiscounted net cash flows Expected discounted net cash flows Fair value, using similar asset Fair value, assuming the asset is sold stand-alone 420,000 400,000 415,000 428,000 What is the impairment loss that should be reported in the income statement for the current year?

Answer rating: 100% (QA)

Answer The impairment loss that should be reported in the income statement for the current ... View the full answer