Is this asset impaired?
topcat
Registered Posts: 452
Carrying amount £10,000
Fair value,less costs of disposal £9000
Value in use £11000
Im thinking it is as it should be the higher of fair value or value in use
So it should be £11,000 but book says it is not impaired but I'm not sure why?
Fair value,less costs of disposal £9000
Value in use £11000
Im thinking it is as it should be the higher of fair value or value in use
So it should be £11,000 but book says it is not impaired but I'm not sure why?
0
Comments
-
Not to worry on this one I got confused.
The value in use is more than carrying amount so it's not impaired0
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