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PT B purchased the production machine for Rp. 250,000,000 on January 1, 2013. The useful life and residual value of the car are estimated at 8 years and Rp. 250,000, using the straight-line method. On January 1, 2014, the appraisal revalued the asset and it was found that the carrying value of the asset was Rp 200,000,000. The company decided to sell the assets on January 1, 2015 at a price of Rp180,000,000 Requested: Impairment / increase in value entry as of January 1, 2014: a. Loss of Rp 50,000,000 b. Profit of Rp 50,000,000 c. Loss of Rp 18,531,250 d. Profit Rp 18,531,250

PT B purchased the production machine for Rp. 250,000,000 on January 1, 2013. The useful life and residual value of the car are estimated at 8 years and Rp. 250,000, using the straight-line method. On January 1, 2014, the appraisal revalued the asset and it was found that the carrying value of the asset was Rp 200,000,000. The company decided to sell the assets on January 1, 2015 at a price of Rp180,000,000 Requested: Impairment / increase in value entry as of January 1, 2014: a. Loss of Rp 50,000,000 b. Profit of Rp 50,000,000 c. Loss of Rp 18,531,250 d. Profit Rp 18,531,250

FINANCIAL ACCOUNTING
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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PT B purchased the production machine for Rp. 250,000,000 on January 1, 2013. The useful life and residual value of the car are estimated at 8 years and Rp. 250,000, using the straight-line method. On January 1, 2014, the appraisal revalued the asset and it was found that the carrying value of the asset was Rp 200,000,000. The company decided to sell the assets on January 1, 2015 at a price of Rp180,000,000

Requested:

Impairment / increase in value entry as of January 1, 2014:

a. Loss of Rp 50,000,000
b. Profit of Rp 50,000,000
c. Loss of Rp 18,531,250
d. Profit Rp 18,531,250

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