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Chapter 26 practice mcq q3 impairment of intangible asset

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Chapter 26 practice mcq q3 impairment of intangible asset

  • This topic has 7 replies, 3 voices, and was last updated 10 years ago by MikeLittle.
Viewing 8 posts - 1 through 8 (of 8 total)
  • Author
    Posts
  • February 20, 2016 at 7:45 pm #301317
    bola
    Member
    • Topics: 6
    • Replies: 5
    • ☆

    Please, I have tried all position options . please how is 20160 arrived at. Can you also give the explanation ,stepwise? Thanks.

    February 21, 2016 at 11:46 am #301378
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23362
    • ☆☆☆☆☆

    This is already on my list “To be corrected” – it should be $19,950

    Well spotted 🙂

    February 21, 2016 at 3:08 pm #301425
    bola
    Member
    • Topics: 6
    • Replies: 5
    • ☆

    Thanks for this. I spent the whole day trying to get 20160 until I got confused. I got 19950 …thanks Mike!!!

    February 21, 2016 at 5:57 pm #301459
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23362
    • ☆☆☆☆☆

    You shouldn’t have spent the whole day! 4 hours would have been enough 🙂

    March 6, 2016 at 8:28 am #303743
    taurus
    Member
    • Topics: 3
    • Replies: 9
    • ☆

    How did we get 19,950 ? Can you please elaborate.

    March 6, 2016 at 8:32 am #303748
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23362
    • ☆☆☆☆☆

    It’s recoverable amount of $21,000 written off for 3 months of a revised estimated useful life of 5 years

    March 6, 2016 at 8:39 am #303752
    taurus
    Member
    • Topics: 3
    • Replies: 9
    • ☆

    Great ! I was only diving it by 5 but forgot to multiply by 3 months instead of full year. Thanks ! 🙂

    March 6, 2016 at 8:57 am #303763
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23362
    • ☆☆☆☆☆

    You’re welcome

  • Author
    Posts
Viewing 8 posts - 1 through 8 (of 8 total)
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