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Pre September mock

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Pre September mock

  • This topic has 1 reply, 2 voices, and was last updated 2 weeks ago by P2-D2.
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  • September 2, 2023 at 6:50 am #691165
    krrish2005
    Participant
    • Topics: 71
    • Replies: 142
    • ☆☆☆

    Batley co owns a machine which is carried in financial statements at 2880.The machine could be sold for 1920,incurring marketing cost. It would cost 2400 to replace and value in use is 2280.
    Whay is the impairment loss?
    I got the answer right but i don’t understand why they deducted marketing cost in calculating fair value less cost of disposal since the cost of disposal is defined as incremental cost directly attributable with disposal of asset?

    September 9, 2023 at 11:00 am #691807
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 6699
    • ☆☆☆☆☆

    The marketing cost is a cost of disposal as it is an incremental cost incurred. We wouldn’t be incurring it if we weren’t selling the asset.

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