It would cost me a fortune tbh like software e cost is like the best thing to ever exist so you won’t regret nothin
If you want an idea of how many people to expect, so you would like to request rsvps. What you should you keep in mind is: You can request for RSVPs, but you are not permitted to require contact information.
<h3>What is Medicare?</h3>
Medicare can be defined as a medical coverage that help to cover medical expenses of the people under the plan.
Hence, Based on the scenario what should have he mind if you want to have a clue of the number of people to expect is that you can request for RSVP but you cannot obtain the contact details.
Learn more about Medicare here:brainly.com/question/26982947
#SPJ1
The answer to your question is TRUE
Answer:
Option B: $30,000 Impairment Loss of Machinery
Explanation:
IAS 36 – Impairment of Assets states that an asset is considered to be impaired if the Carrying Amount of an asset is greater than the Recoverable Amount. Recoverable Amount of an asset is the higher of Fair Value less Cost to Sell and Value-in-Use.
Fair value less cost to sell is defined as the amount receivable from sale of assets less the cost of disposal, whereas Value in Use is defined as the present value of future cash flows from using an asset,
In case of Kohlman Company, recoverable amount of Machinery will be $350,000 i.e. Value in Use (future cash flows) as it is greater than the Fair Value of Machinery. The book value of machinery $380,000 exceeds the recoverable amount of $350,000. Therefore, the asset is considered to impaired and must be written down by $30,000 ($380,000 - $350,000 = $30,000). The impairment loss is charged to profit and loss account.
Journal Entry to record impairment loss:
DR Profit & Loss Account $30,000
CR Equipment $30,000
