• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • FIA Forums
  • CIMA Forums
  • OBU Forums
  • Qualified Members forum
  • Buy/Sell Books
  • All Forums
  • Latest Topics

March 2026 ACCA Exams

Comments & Instant poll

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for June 2026 exams.
Get your discount code >>

impairment loss

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › impairment loss

  • This topic has 1 reply, 2 voices, and was last updated 9 years ago by MikeLittle.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • February 22, 2017 at 5:50 pm #373717
    firelion28
    Member
    • Topics: 159
    • Replies: 83
    • ☆☆☆

    hi mike

    it is mentioned that the an impairment loss may not reduce the carrying amount below the highest of
    fair value less costs to sell
    value in use
    zero

    in the follwing question
    multiplex acquired the steams days and the sofp shows the fair value of assets

    goodwill 200
    operating licence 1200
    property 300
    rail track 300
    two engines 1000
    __________
    3000
    __________

    the engine exploded and the value in use of business was 2000. the carrying amounts of property and rail track are based on value in use and engines are valued at net selling price

    when they are apportioning the loss, they apportion it below the fair values, but doesnt that contradict with the statement made before?

    February 22, 2017 at 6:58 pm #373729
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23368
    • ☆☆☆☆☆

    How is “fair value less costs to sell” the same as “fair value”?

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • The topic ‘impairment loss’ is closed to new replies.

Primary Sidebar

Kaplan ACCA Free Trial

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE Exams – Instant Poll

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • dubsforbill on PPE – revaluation upwards – ACCA Financial Reporting (FR)
  • saaranitinchandratre on Activity Based Costing part 3 – Advantages of, and problems with – ACCA Performance Management (PM)
  • adam on IASB Conceptual Framework – Introduction – ACCA Financial Reporting (FR)
  • John Moffat on PM Chapter 7 Questions Pricing
  • John Moffat on Activity Based Costing part 3 – Advantages of, and problems with – ACCA Performance Management (PM)

Copyright © 2026 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in