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
A
Ahlam·
can you please tell how to solve the 2nd question
B
Bwalya·
Kindly show how you worked out the 10,000 carrying value for engine 1
T
thuy·
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?
J
jaine1986·
Why non current asset has no impairment for no 2 question?
M
Mitho007·
thats not non-current assets ,,its net current assets,,those are current assets
J
jaine1986·
Why non current asset has no impairment?
J
jaine1986·
That is for question 2.
C
Cindy·
How was the 25 excess allocated between the engine and tracks?
K
Kundishora·
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
K
kolawole·
Good afternoon.
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
Please can someone help me with this?
Many Thanks
Jatin
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