What is the impairment loss allocated to equipment

Assignment Help Accounting Basics
Reference no: EM132675007

Arkin Company has determined that the furniture division is a CGU. The entity calculated the value in use of the division to be P33,000,000. The entity has also determined that the fair value less cost of disposal of the building is P19,500,000. The carrying amounts of the assets are as follows : Building P24,000,000; Equipment 12,000,000; Inventory 12,000,000

Problem 1: What is the impairment loss allocated to equipment?

Problem 2: What is the impairment loss allocated to inventory?

Problem 3: What is the total carrying amount of the depreciable assets after the impairment?

Reference no: EM132675007

Questions Cloud

What are some of the characteristics of a leader : What are some of the characteristics of a leader who implements the transformational theory into the workplace?
Define the meaning and concept of innovation : Q1. Define the meaning and concept of innovation, and show how you can use the concept to accelerate the applications in business model development.
Compute the effect of the hsa transactions on gross income : In 2019, Evan has $100 per month deducted from his paycheck and contributed to the HSA. Compute the effect of the HSA transactions on gross income
Examine the underlying historical and economic reasons : Examine the underlying historical and economic reasons behind the quest for alternatives to incarcerating offenders in jails and prisons.
What is the impairment loss allocated to equipment : What is the total carrying amount of the depreciable assets after the impairment? What is the impairment loss allocated to equipment?
What is the impairment loss of cgu inca : Bardem Company has two cash generating units, CGU Inca and CGU Maya. There is no goodwill allocated to the CGU. What is the impairment loss of CGU Inca?
Judicial branches have personally affected your life : Explain how and why the actions of the executive and or judicial branches have personally affected your life.
THEWHS502 Managing Safety and Security Assignment : THEWHS502 Managing Safety and Security Assignment Help and Solution, TAFE NSW - Assessment Writing Service Industry research report and Consultation Plan
What is the amount of Thomas charitable contribution : Thomas has adjusted gross income for 2019 of $30,000. What is the amount of Thomas's 2019 charitable contribution deduction

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.

  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!

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