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Chapter 7 Impairment of assets, example 1

Forums › Ask CIMA Tutor Forums › Ask CIMA F1 Tutor Forums › Chapter 7 Impairment of assets, example 1

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  • February 16, 2021 at 11:14 am #610613
    Biquette
    Member
    • Topics: 1
    • Replies: 0
    • ☆

    Hi there,

    On the video (IAS 36 Impairment of Assets – CIMA F1 Financial Reporting), the answers for example 1 are different from the answers on the F1 notes.

    Would it be possible to have some clarifications please?

    Many thanks,
    Emilie

    February 22, 2021 at 8:58 pm #611364
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7141
    • ☆☆☆☆☆

    Hi Emilie,

    Great spot! Not something that I’d noticed previously. Thank you for pointing it out. I can confirm that the answer in the video is correct, the impairment should be the 1,000.

    Thanks

    Chris

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