Hartamas Bhd decided to do impairment test to one of its machines, Machine A as there was a physical damage due to extensive use to meet the increase demand. On 1 January 2022, the carrying value of the machine A was RM6,400,000 (Cost RM16,000,000) with remaining useful life of 4 years. While the fair val. Explain the appropriate accounting for impairment test conducted on Machine X on 31 October 2022. Prepare relevant journal.

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Ans When conducting an impairment test for Machine A on 31 October 2022 Hartamas Bhd needs to compar... View the full answer