User Account

All Pages

What is the amount of impairment loss

Assignment Help Accounting Basics
Reference no: EM131815490

Question - The following information was taken from the fixed asset records of BBB Ltd as of December 31, 2010:

Carrying value €100000

Selling price € 85000

Cost of disposal € 3000

Expected future cash flows €75000

Present value of expected future cash flows €63000

1) Using IFRS (IAS 36), what is the amount of Impairment Loss?

2) What is the amount of Impairment Loss under U.S. GAAP?

Reference no: EM131815490

Questions Cloud

Determining the use of accounting information : Use of Accounting Information in Hospitals Most U.S. hospitals do not derive their revenues directly from patients.
Speaking to an individual versus a large group : Would you approach your message differently if you were speaking to an individual versus a large group? Why or why not?
Explain the concept of affirmative action : Explain the concept of affirmative action as discussed in the course materials. Does this definition differ from your prior beliefs about the nature?
What are these conditions and why are they important : there are normally three conditions that a corporation must meet to pay a cash dividend. What are these conditions, Why are they important
What is the amount of impairment loss : Present value of expected future cash flows €63000. Using IFRS (IAS 36), what is the amount of Impairment Loss
High-potential ventures : Many see every small business as a high-potential venture. How realistic is that? Are most small businesses high-potential ventures or do they tend to be less l
Used in evaluating the newly proposed tax system : State and explain the principles of taxation that would be used in evaluating the newly proposed tax system.
Why is information systems performance linked to performance : Why Is information systems (IS) performance linked to business performance? Share a specific company example that you feel supports your position.
What images of latinas are common in us society : What images of Latinas are common in U.S. society? Please refer to examples from media such as television, magazines, film, or the internet.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd