[chiengmeiling]

Hi Mike,

Actually I got it from my lecturer but she hasn’t provided the answers. Ive tried to search for the question hoping to find the answer online but to no avail.

I suppose this has something to do with impairment and there would be a write down on carrying amount of the note payable.

I dont really follow the question when it says the interest rate is reduced to 4% and accrued interest is forgiven outright. So, I thought I’d get that when I see the answer.

[chiengmeiling]

I think it looks at the increase in market turnover which is 2% from 2007 to 2009 instead of the increase in its market growth rate of from 0.25% to 2%.

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