Solved

What Is the Recoverable Amount for This Product Line A)$100,000
B)$4,000,000
C)$4,100,000
D)$5,000,000

Question 50

Multiple Choice

What is the recoverable amount for this product line?  Product BGF  Original cost $10,200,000 Accumulated depreciation 6,100,000 Fair value 6,500,000 Costs to sell 1,500,000 Value in use 4,000,000\begin{array} { | l | r | } \hline & \text { Product BGF } \\\hline \text { Original cost } & \$ 10,200,000 \\\hline \text { Accumulated depreciation } & 6,100,000 \\\hline \text { Fair value } & 6,500,000 \\\hline \text { Costs to sell } & 1,500,000 \\\hline \text { Value in use } & 4,000,000 \\\hline\end{array}


A) $100,000
B) $4,000,000
C) $4,100,000
D) $5,000,000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents