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What is the carrying amount of the disposal group

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Reference no: EM132700485

Problem 1: Amy Company is planning to dispose of a collection of assets. The entity designated these assets as a disposal group. The carrying amount of these assets immediately before classification as held for sale was P2,000,000. Upon being classified as held for sale, the assets were revalued at P1,800,000. The entity estimated that it would cost P100,000 to sell the disposal group. What is the carrying amount of the disposal group after classification as held for sale?

Reference no: EM132700485

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