Use the following to answer questions :
The following information was taken from the fixed asset records of Bosco Ltd as of December 31,2010:
-Using IAS 36,what is the amount of Impairment Loss?

Question

Use the following to answer questions :
The following information was taken from the fixed asset records of Bosco Ltd as of December 31,2010: 
-Using IAS 36,what is the amount of Impairment Loss?

Quizplus · Accepted Answer

The impairment loss is calculated as the carrying amount minus the recoverable amount. If the carrying amount is €100,000 and the recoverable amount is €82,000, the impairment loss is €18,000.

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