On 31 October 2012 the carrying amount of an entity’s delivery truck was R200 000 when its recoverable amount was estimated to be R190 000. On 31 October 2013 conditions that led to the previous impairment changed it was estimated that the new recoverable amount of the delivery truck was now R205 000. How much impairment can be reversed on 31 October 2013? Select one: a. R205 000 b. R15 000 c. R5 000 d. R10 000
On 31 October 2012 the carrying amount of an entity’s delivery truck was R200 000 when its recoverable amount was estimated to be R190 000. On 31 October 2013 conditions that led to the previous impairment changed it was estimated that the new recoverable amount of the delivery truck was now R205 000. How much impairment can be reversed on 31 October 2013? Select one: a. R205 000 b. R15 000 c. R5 000 d. R10 000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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On 31 October 2012 the carrying amount of an entity’s delivery truck was R200 000 when its recoverable amount was estimated to be R190 000. On 31 October 2013 conditions that led to the previous impairment changed it was estimated that the new recoverable amount of the delivery truck was now R205 000. How much impairment can be reversed on 31 October 2013?
Select one:
a. R205 000
b. R15 000
c. R5 000
d. R10 000
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