Question: The example is same as that in the previous questions 19 and 20. Iron corp. had the following PP&E values on Dec. 31, 2012. Cost

The example is same as that in the previous questions 19 and 20.

Iron corp. had the following PP&E values on Dec. 31, 2012.

Cost (PPE) $1,200

Accumulated Depreciation 200

Undiscounted Future Cash Flow 980

Selling price 900

Selling cost 0

Value-in-Use 950

Under IFRS, what is the new carrying value of PPE after impairment?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Write the Python code that defines a class called Vehicle , which will have a maximum occupancy of 8 . The vehicle should be initialized with the number of occupants. If the number of occupants...

Q:

The example is same as the previous question, 19. Iron corp. had the following PP&E values on Dec. 31, 2012 Cost (PPE) Accumulated Depreciation Undiscounted Future Cash Flow Selling price Selling...

Q:

The example is same as the previous question, 19. Iron corp. had the following PP&E values on Dec. 31, 2012. Cost (PPE) $1,200 Accumulated Depreciation 200 Undiscounted Future Cash Flow 980 Selling...

Q:

18. Francisco Corporation is constructing a new building at a total initial out of $10,000. The building is expected to have a useful life of year with a residual value. Building HVAC wystem is the...

Q:

AAA corp. had the following PP&E values on Dec. 3 1 , 2 0 1 8 . Cost $ 1 0 0 Accumulated Depreciation $ 2 0 Undiscounted Future Cash Flow $ 7 0 Selling price $ 6 5 Selling cost $ 0 Value - in - use (...

Q:

get an anwer and solution of problem in both paper 1 full disclousure second revenue recognition IV. Test Questions and Solutions Chapter 1 Multiple Choice 1. What basic financial statements can be...

Q:

I'm going to need to send a series of screenshots of the excel worksheet as I don't see an option to upload an attachment. Hydrogenics Corporation Required: This case is a continuation of Case 2.4....

Q:

Enter data into the FSAP (Financial Statement Analysis Package) Excel File.Enter the balance sheet and income statement amounts for 2012 for Exxon Mobile. Document And Entity Information (USD $) 12...

Q:

A602 financial analysis template (colgate-Palmolive) I only need help with Common size and Financial Ratio. Note: Use care not to delete, hide or reorder workbook tabs (worksheets) in this workbook....

Q:

A602 financial analysis template (colgate-Palmolive) I only need help with Common size and Financial Ratio. Note: Use care not to delete, hide or reorder workbook tabs (worksheets) in this workbook....

Q:

i need to know how to create an IFRS balance sheet using a GAAP balance sheet GAAP BALANCE SHEET IFRS BALANCE SHEET Assets Assets Jaunty Coffee Company Current assets: Cash 2012 86,100 Short-term...

Q:

What is cost-plus pricing? Who uses it?

Q:

1 Introduction Following a successful career as a city trader Buck Rogers and his partner Bethan, who was a successful execu

Q:

Del Gato Clinic's cash account shows an $11,589 debit balance and its bank statement shows $10,555 on deposit at the close of business on June 30. b. The June 30 bank statement lists a $16 bank...

Q:

WHAT IS the cash flow statement BBINFIT ,AND HOW WE CAN ANALAYSES

Q:

LO15.1 Differentiate among invention, innovation, and technological diffusion.

Q:

8. Property developers who build shopping malls like to have them anchored with the outlets of one or more famous national retail chains, like Target or Nordstrom. Having such anchors is obviously...

Q:

4. In an oligopoly, each firms share of the total market is typically determined by: LO14.4 a. Scarcity and competition. b. Kinked-demand curves and payoff matrices. c. Homogeneous products and...