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Luden [163]
4 years ago
8

A company has a long‐lived asset with a carrying value of $120,000, expected future cash flows of $130,000, present value of exp

ected future cash flows of $100,000, and a market value of $105,000. Under IFRS what amount of impairment loss should be reported?
Business
1 answer:
Zepler [3.9K]4 years ago
3 0

Answer:

Impairment loss of $ 15,000 should be reported.

Explanation:

IAS 36 deals with impairment on fixed asset. As per IFRS the impairment test should be carried out on each reporting date.

Impairment testing involves comparing book value of asset with higher of value in use or market value of asset.

Book Value of asset    120,000-A

Value in use                 100,000

Market Value               105,000-B

Impairment Loss           15,000   (A-B)

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The major financial benefit of beginning your retirement funding early is related to _______. (points : 2) increased cost of liv
STatiana [176]
The major financial benefit of beginning your retirement funding early is related to : Increased cost of living.

The value of money will always dropped. Let's say that in the present time, you could get one hamburger with $1. In the future, it will be more likely that the cost will increase, maybe you need about $ 1.5 - $ 2 to buy a hamburger by the time you retire

hope this helps
5 0
4 years ago
In January of 2018, the Phillips Company purchased a patent at a cost of $100,000. In addition, $10,000 in legal fees were paid
soldi70 [24.7K]

Answer:

The answer is: $113,000

Explanation:

By 2020, Phillips Company had already amortized $22,000 of the patent expenses (2 years x [10% x ($100,000 + $10,000)]). Since it lost its patent defense in 2020, it will now have to write off $113,000 ($88,000 pending amortization + $25,000 in legal fees) for the adjustment of its 2018 income.

5 0
4 years ago
B. A customer sees a house they want, but it's not for sale because it's owned by someone else. How would you go about approachi
Sergeeva-Olga [200]

Answer:

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8 0
3 years ago
Read 2 more answers
. You have room for up to two fruit-bearing trees in your garden. The fruit trees that can grow in your garden are either apple,
Alina [70]

Answer:

you should have 2 apple trees

Explanation:

<u>you can have</u>                           <u>savings</u>            <u>costs</u>            <u>net payoff</u>

no tree at all                                0                      0                     0

1 apple tree                               $130                $100                $30

1 orange tree                            $90                  $70                 $20

1 pear tree                                $145                 $120                $25

<u>2 apple trees                           $260               $200                $60</u>

2 orange trees                         $180                $140                 $40

2 pear trees                             $290               $240                $50

1 apple + 1 pear tree                $275               $220                $55

1 apple + 1 orange tree            $220               $170                 $50

1 orange + 1 pear tree              $235               $190                 $45

8 0
3 years ago
Pine groove, a cosmetics brand that primarily caters to women, wants to reach out to the less-traditional male market. it conduc
Mumz [18]
<span>The fact that Pine Groove conducts research and develops a new product especially for men means that it makes t</span>he categorization of potential markets on the basis of gender, and this type of categorization is called <span>gender segmentation.
</span><span>Gender segmentation is used when the products are very gender specific.</span>
8 0
4 years ago
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