11. ABC Company owns a noncurrent asset, which is damaged and is to be reviewed for impairment, to which the following information relates: Current carrying amount - 200,000 Fair value - 220,000 Expected disposal cost - 10,000 Value in use - 205,000 What should be the carrying amount of the asset after the impairment review?

11. ABC Company owns a noncurrent asset, which is damaged and is to be reviewed for impairment, to which the following information relates: Current carrying amount - 200,000 Fair value - 220,000 Expected disposal cost - 10,000 Value in use - 205,000 What should be the carrying amount of the asset after the impairment review?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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