Danube has a factory which it bought 3 years ago for estimated at zero and the useful life was estimated at 20 years. At the beginning of the current year (year 4), the product produced in this factory was the subject of a significant health scare. Like for like sales have declined by 20% per month. The management estimate that the factory is now only worth 10% of the net book amoun the end of year 3 and an impairment expense is necessary. How much is the factory impairment in year 4? Select one: O 583,236.0 O 518,432.0 O 686,160.0 O 548,928.0

Danube has a factory which it bought 3 years ago for estimated at zero and the useful life was estimated at 20 years. At the beginning of the current year (year 4), the product produced in this factory was the subject of a significant health scare. Like for like sales have declined by 20% per month. The management estimate that the factory is now only worth 10% of the net book amoun the end of year 3 and an impairment expense is necessary. How much is the factory impairment in year 4? Select one: O 583,236.0 O 518,432.0 O 686,160.0 O 548,928.0

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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