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Prepare the journal entry for any impairment loss at june

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Reference no: EM132958316

Bow Ltd reported the following assets in its statement of financial position at 30 June 2019.

  • The recoverable amount of the entity was calculated to be $1 660 000.
  • The fair value less costs of disposal of the land was $280 913.

Required

Problem 1: Prepare the journal entry for any impairment loss at 30 June 2019.

Reference no: EM132958316

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