In 2010, Bambung Corporation acquired production machinery at a cost of £414,000, which now has a book value of £191,000. The discounted future cash flows from use of the machinery is £178,000 and its fair value less costs to sell is £156,000. What amount should Bambung recognize as a loss on impairment under IFRS?
A) £35,000
B) £22,000
C) £13,000
D) -0-

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The Answer of In 2010, Bambung Corporation acquired production machinery at a cost of £414,000, which now has a book value of £191,000. The discounted future cash flows from use of the machinery is £178,000 and its fair value less costs to sell is £156,000. What amount should Bambung recognize as a loss on impairment under IFRS?
A) £35,000
B) £22,000
C) £13,000
D) -0-

In 2010, Bambung Corporation Acquired Production Machinery at a Cost