- This topic has 1 reply, 1 voice, and was last updated 10 years ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
- Posts
- Topics: 1
- Replies: 5
- ☆
F7 Chapter 3 Example 1;
In this question, part three says,
” (iii) A non-current asset with a carrying value of $130,000 was written down to $95,000. The impairment occurred as a result of general price changes. The revaluation surplus account contains $25,000 relating to this asset.”
and the answer given as
” Impairment loss — (25) ”
Could anyone please explain to me why the value of Impairment loss is (25) ?
- Topics: 1
- Replies: 5
- ☆
hi , i got the answer , it was in Ask the Tutor…
Viewing 2 posts - 1 through 2 (of 2 total)
- The topic ‘F7 Chapter 3 Example 1’ is closed to new replies.