At the end of the year, following some indications that there may be losses of value...
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At the end of the year, following some indications that there may be losses of value for some of these long lived assets, the society Depreciatus computes some calculations to do impairment tests. Fill in the table below: Machine Plant Building Equipment Carrying value 16 000 40 000 230 000 50 000 Value in use 10 000 41 000 230 000 35 000 Fair value 9 000 39 000 240 000 30 000 Recoverab Impairment Impairment le amount value? At the end of the year, following some indications that there may be losses of value for some of these long lived assets, the society Depreciatus computes some calculations to do impairment tests. Fill in the table below: Machine Plant Building Equipment Carrying value 16 000 40 000 230 000 50 000 Value in use 10 000 41 000 230 000 35 000 Fair value 9 000 39 000 240 000 30 000 Recoverab Impairment Impairment le amount value?
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Based on the information provided the impairment tests for each asset can be computed as follows For ... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0071339476
Volume 1, 6th Edition
Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I
Posted Date:
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