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October 5, 2021 at 4:31 pm
In question 2, why have we considered 1/6th of the value of 1 engine as the carrying value instead of the impairment value as it is being scrapped, but in the notes in question 3 of Chapter 7, it was stated that due to fire Plant, and equipment of CV $1.2million got scrapped and that was considered as impairment and not the carrying value. Please can someone help me with this?
Many Thanks Jatin
April 22, 2021 at 5:53 am
can you please tell how to solve the 2nd question
February 28, 2021 at 10:46 am
Kindly show how you worked out the 10,000 carrying value for engine 1
July 10, 2020 at 3:10 am
Dear Pro, please advise me the question: for the remaining amount of impairement, what is the item that would be deducted to have the total impairment of 160.000?
June 17, 2020 at 11:00 am
Why non current asset has no impairment for no 2 question?
July 3, 2020 at 10:41 pm
thats not non-current assets ,,its net current assets,,those are current assets
June 17, 2020 at 10:59 am
Why non current asset has no impairment?
That is for question 2.
May 14, 2019 at 3:27 am
How was the 25 excess allocated between the engine and tracks?
October 14, 2019 at 3:08 am
Before impairment Engine CV = 60k plus Tracks CV = 90k giving a total of 150k. Proportinately therefore Engine = 60/150*25=10, and Tracks =90/150*25=15
April 22, 2019 at 12:20 pm
i have an issue with the value of the impairment which is =135,000.00 by calculation i might be wrong the recoverable estimate is 350,000.00. the before total is 510,000.00. if the total of the impairment is 70,000+ 90,000+65,000+Nill=225, 350 less 225 to give an NCA of 125 instead of 135, 135+225 =360