Question: ( b ) Your answer is incorrect. At December 3 1 , 2 0 2 3 , it is estimated that the division's recoverable amount

(

)

Your answer is incorrect.

At December

31, 2023,

it is estimated that the division's recoverable amount increased to HK

\ (\

2, 875 \)

million. Prepare the js entry to record this increase in fair value.

(

If no entry is required, select

"

No Entry" for the account titles and enter O for the amou Credit account titles are automatically indented when amount is entered. Do not indent manually.

)

Account Titles and Explanation

Credit

Loss on Impairment

Recovery of Impalrment Loss

( b ) Your answer is incorrect. At December 3 1 ,

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