What is the recoverable amount of the intangible asset

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Problem -

1. Carrying amount of the intangible asset is $ 90 000. Fair value of the intangible asset is $ 47 000. Costs of disposal of the intangible asset is $ 7 000. Value in use of the intangible asset is $ 60 000. What is the recoverable amount of the intangible asset? Is there an impairment of the intangible asset?

2 Cost of the intangible asset is $ 100 000. Amortisation of the intangible asset is $ 20 000. Fair value of the intangible asset is $ 90 000. Costs of disposal of the intangible asset is $ 1 000. Value in use of the intangible asset is $ 74 000. What is the carrying amount of the intangible asset? What is the recoverable amount of the intangible asset? Is there an impairment of the intangible asset?

Reference no: EM132727632

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