Question

The items have not yet been paid for by the purchasing entity e None of the above 18. If the value in use of a PPE is 100,000

hello can someone explain why it is not possible to answer this question (18)

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Impairment loss is the excess of an asset's carrying amount over its fair value less cost to sell. Under IFRS, impairment loss is the excess of an asset's carrying amount over recoverable amount (recoverable amount is greater of fair value less cost to sell or value in use). In both the situations, we need to have the carrying value or amount of PPE. For impairment loss calculation, we need to compare the PPE's carrying value with the fair value less costs to sell or value in use. Here, in this question, PPE's carrying value is not given, so we cannot determine the impairment loss here.  

Add a comment
Know the answer?
Add Answer to:
hello can someone explain why it is not possible to answer this question (18) The items have not yet been paid for b...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • hello, can someone provide a detailed answer please thank you 18. inventory CHAPTER 9 Inventories: Additional...

    hello, can someone provide a detailed answer please thank you 18. inventory CHAPTER 9 Inventories: Additional Issues 499 F9-6 lower of cost or This is a variation of E 9-3, modified to focus on the lower of cost or market.] Tatum Company has four products in its inventory. Information about the December 31, 2018, inventory is as follows: market .LO9-1 Product Total Cost $120,000 90,000 60,000 30,000 101 102 103 Total Replacement Cost $100,000 85,000 40,000 28.000 Total Net Realizable...

  • Hello! Can someone please help me answer these multiple choice questions as soon as possible? Thank...

    Hello! Can someone please help me answer these multiple choice questions as soon as possible? Thank you so much! 5. 1. LDA 2. quench with D2O HOW MANY D ATOMS INCORPORATED? A. 4 B.3 C. 2 D. 1 E. none question 5, which enolate is formed and why? be/ SM sterics be/ more subst prod 7. Classify this reaction A. reduction B. hydrolysis C. dehydration D. oxidation E. acid/base reaction 8. Classify this reaction: C. dehydration D. reduction E. acid/base...

  • Can someone help me with these questions? Answer the question(s) below based upon the following diagram....

    Can someone help me with these questions? Answer the question(s) below based upon the following diagram. $25 --- $15 world + Tariff world 10,000 12,000 25,000 42,000 60,000 8) Refer to the figure above. With free trade, the total quantity of imports would equal A) 10,000 units. B) 20,000 units. C) 22,000 units. D) 30,000 units. 9) Refer to the figure above. With free trade, the total value of imports would equal A) $10. B) $100,000. C) $200,000 D) $300,000....

  • regarding genetics. can someone help and explain WHY the answer is chosen for the question 18....

    regarding genetics. can someone help and explain WHY the answer is chosen for the question 18. What is the purpose of using a blender in the Hershey & Chase experiment to identify the identity of genetic material? A) Break the conjugation bridge B) Lyse the infected cells C) Displace the bacteriophage material that has not been injected into the bacterial cell D) Resuspend all the cells and particles that have fallen to the bottom of the culture E) Displace dsDNA...

  • JAVA 3 PLEASE ANSWER AS MANY QUESTIONS AS POSSIBLE! ONLY 2 QUESTIONS LEFT THIS MONTH!!! Question...

    JAVA 3 PLEASE ANSWER AS MANY QUESTIONS AS POSSIBLE! ONLY 2 QUESTIONS LEFT THIS MONTH!!! Question 12 pts Which is a valid constructor for Thread? Thread ( Runnable r, int priority ); Thread ( Runnable r, String name ); Thread ( int priority ); Thread ( Runnable r, ThreadGroup g ); Flag this Question Question 22 pts What method in the Thread class is responsible for pausing a thread for a specific amount of milliseconds? pause(). sleep(). hang(). kill(). Flag...

  • hello , can someone help me with the question J P Q R and S Financial...

    hello , can someone help me with the question J P Q R and S Financial statements for Fanning Company follow FANNING COMPANY Balance Sheets As of December 31 2019 2018 25.000 241,000 208.000 280,000 31,000 $584 000 26.000 $524 000 $ Current assets Cash Marketable securities Accounts receivable net) Inventories Prepaid items Total current assets Investments Plant (net) Land Total assets Liabilities and Stockholders' Equity Liabilities Current liable Notes payable Accounts payable Salaries payable Total current a s Noncurrenties...

  • SECTION B - ANSWER ALL QUESTIONS Question 1 Mutiara Sdn. Berhad is a trading company and...

    SECTION B - ANSWER ALL QUESTIONS Question 1 Mutiara Sdn. Berhad is a trading company and the company operates in a rented shop space in Damansara. The following information is the company's unadjusted year-end trial balance dated December 31, 2017. Mutiara Sdn. Berhad Unadjusted Trial Balance as at 31 December, 2017 RM RM Accounts receivable 690,000 Allowance for doubtful debt 10,500 Accounts payable 242,000 Administrative expense 175,000 Cash and cash equivalent 79,079 Cost of goods sold 620,000 Income tax expense...

  • Someone please help! If possible can whoever answers give a detailed explanation with the answer so...

    Someone please help! If possible can whoever answers give a detailed explanation with the answer so I can fully understand. Thank you in advance. The question is as followed 1. A. What yearly cash flows are relevant fr this investment decision? Do not forget the effect of taxes and the initial investment amount B. What discount rate should Worldwide Paper Company (WPC) use to analyze those cash flows? Be prepared to justify your recommended rate and the assumptions that you...

  • SECTION A (40 marks): Answer ALL Questions in this section. QUESTION ONE a) Aseda Ltd incurred...

    SECTION A (40 marks): Answer ALL Questions in this section. QUESTION ONE a) Aseda Ltd incurred the following cost in its manufacturing operations GH¢ Cost of material purchase 20,000 Import duties 400 Trade discount @10% of purchase cost Cash discount 500 Irrecoverable taxes 1,000 Salary of factory plant operator 2,500 Direct labour 5,000 Salary of factory supervisor 4,000 Cost of expected production losses 800 Administrative overhead (Note) 16,000 Cost of storage of raw material for further processing 2,000 Marketing cost...

  • Use the following to answer the next six questions: During the fiscal year ended December 31,...

    Use the following to answer the next six questions: During the fiscal year ended December 31, 2017. the City of Johnstown issued 6% genera obligation serial bonds in the amount of $2.000.000 at 102 ($2.040,000) and used $1,980,000 of the proceeds to construct a fire station. The $40,000 premium was transferred to a debt service fund. The $20.000 left in the capital projects fund at the end of the project was later transferred to the debt service fund. The bonds...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT