IAS 36 Impairment of Assets – CIMA F1 Financial Reporting

Comments

1. Biquette says

   February 15, 2021 at 5:07 pm

   HI there, I do not follow the answers of example 1 on page 89. Why is the recoverable amount the lower figure (18,995) and not the higher figure (24,000). Impairment on the video is $1,000; whereas on the textbook is $6,045.
   Many thanks.

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   • tehsinmuzaffar says

     February 27, 2021 at 9:05 pm

     Looks like an error to me.

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2. rshallabi says

   July 5, 2017 at 3:27 pm

   The total of assets after impairment if you add them together comes up to 260m not 250m, where did we go wrong please?
   thanks
   30+90+93.333+46.667=260

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   • karenagger says

     August 15, 2017 at 10:01 pm

     The figures given in the example do not total £370,000 it should be £380,000.

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