Question: If you write by hand, make sure the handwriting is clear, thank you The following information relates to three assets held by Entity A at

If you write by hand, make sure the handwriting is clear, thankIf you write by hand, make sure the handwriting is clear, thank you

The following information relates to three assets held by Entity A at the year-end of 2020: Machine Plant Motor Van Carrying amount $56,850 $98,600 $123,450 Value in Use $56,500 $78,600 $124,450 Fair Value less Costs of Disposal $56,600 $89,650 $124,540 These assets are used by Entity A for generating economic benefits in its business operation. REQUIRED: According to relevant accounting standards, measure: the impairment loss which was charged in the Statement of Profit or Loss for the period ended 31 December 2020; and the carrying amount of the PPE which was recognised in the Statement of Financial Position as at 31 December 2020. ANSWERS: Statement of Profit or Loss for the period ended 31 December 2020 The impairment loss is $ Statement of Financial Position as at 31 December 2020 The carrying amount is $

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