Kerri Limited recognised an impairment loss on an item of plant asset on the 30th June.The recoverable amount of the asset after the loss is $900 and the asset has an estimated useful life of 4 years.Accumulated depreciation was $250 at that date and the straight line depreciation method is used.The original cost of the asset was $2500.The future annual depreciation amount is:
A) $625.
B) $225.
C) $163.
D) $400.
Correct Answer:
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Q1: Under AASB 136 Impairment of Assets,impairment of
Q3: When an asset is measured at fair
Q4: Under AASB 136 Impairment of Assets,which of
Q5: Value in use is:
A)the present value of
Q6: The impairment test involves comparing the asset's:
A)carrying
Q7: In allocating an impairment loss,an entity shall
Q8: An impairment test is conducted only:
A)at each
Q9: Which of the following assets need to
Q10: When assessing the value in use of
Q11: When an asset is measured using the
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