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Other net assets
Following a period of losses, the recoverable amount of the division is deemed to be $5 million A recent valuation of the building showed that the building has a market value of $3.2 million. The other net assets are at their recoverable amount. The entity uses the cost model for valuing building and plant.
To the nearest thousand, what is the balance on plant following the impairment review?
Tracks and Stations
Net Current Assets
As it stands the recoverable amount of the entire subsidiary has been estimated at $350,000,
What will be the values of the remaining engine and the goodwill after the impairment loss has been accounted for?
Which TWO of the following would be EXTERNAL INDICATORS that one or more of an entity's assets may be impaired?
1. Evidence of obsolescence of one or more assets
2. A decline in the economic performance of one or more assets
3. An unusually significant fall in the market value of one or more assets
4. An increase in market interest rates used to calculate value in use of the assets
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