Six situations are given below concerning a plant asset currently used in operations. CA-Carrying amount; ViU-Value in use; FV-CTS-Fair value less costs to sell Case CA ViU FV-CTS 1 120,000 180,000 135,000 2 135,000 195,000 120,000 3 150,000 180,000 255,000 4 180,000 120,000 90,000 5 210,000 165,000 195,000 6 225,000 195,000 255,000 Which among the cases, if any, require impairment loss recognition?
Six situations are given below concerning a plant asset currently used in operations. CA-Carrying amount; ViU-Value in use; FV-CTS-Fair value less costs to sell Case CA ViU FV-CTS 1 120,000 180,000 135,000 2 135,000 195,000 120,000 3 150,000 180,000 255,000 4 180,000 120,000 90,000 5 210,000 165,000 195,000 6 225,000 195,000 255,000 Which among the cases, if any, require impairment loss recognition?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Six situations are given below concerning a plant asset currently used in operations.
CA-Carrying amount; ViU-Value in use; FV-CTS-Fair value less costs to sell
Case CA ViU FV-CTS
1 120,000 180,000 135,000
2 135,000 195,000 120,000
3 150,000 180,000 255,000
4 180,000 120,000 90,000
5 210,000 165,000 195,000
6 225,000 195,000 255,000
Which among the cases, if any, require impairment loss recognition?
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