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Is this asset impaired?

topcat
topcat Registered Posts: 452
October 2013 in AAT Level 4 (Level 8 in Scotland)
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?
0

Comments

  • topcat
    topcat Registered Posts: 452
    October 2013
    Not to worry on this one I got confused.

    The value in use is more than carrying amount so it's not impaired
    0

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