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+--- Thread: impairment of asset (/thread-impairment-of-asset)
impairment of asset - shukla - 07-15-2008
senior plz help...this is a question of the autmn 2007 attempt of c6 financial accounting.
Asset WDV valueinuse frocedsalevalue fairvalue
RS"000" RS"000' RS"000" RS"000"
A 3200 3100 2400 2500
B 1500 1200 1225 1400
C 1700 1500 1900 2000
further information
every asset is sold through public tender,which costs RS 50000. Assets A and C are required to be dismantiled at the time of sale and the cost of dismantiling is RS 100 thousand and Rs 200 thousand respectively.Sale agreement of the assets are prepared by the legal advisor whose annual fee is RS 365 thousand. it takes about 4 days to draft a sale agreement.
Required
compute the impairment on each asset (if any)
regards
sohail akhound(shukla)
- shukla - 07-15-2008
sorry members this like somewhat confusing...let me put in in another way...