Page 198 - F1 Integrated Workbook STUDENT 2018

Chaptter 11

Exxampple 3

Thee following informatioon relates to three assets held bby an entityy:
A B C C
Carrrying amount 200 2200 2000
Nett Selling Prrice 220 1125 1440
Valuue in use 160 1150 1990

Calculate the impairmennt losses, iff any, in reespect of thhe three asssets.

Solution

A B C
Reccoverable aamount
(higgher of net selling pricce and value in use) 220 150 190
Carrrying amount 200 200 200
Imppairment No (50) (10)

188