In 2011, DimDung Company acquired production machinery which now has a book value of ¥770,000. The discounted future cash flows from use of the machinery is ¥375,000 and its fair value less costs to sell is ¥355,000. DimDung has determined that an impairment loss has occurred. What is the carrying value of the machinery after the journal entry to record the impairment loss has been recorded under IFRS?
A) ¥415,000
B) ¥395,000
C) ¥375,000
D) ¥355,000
Correct Answer:
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