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What would be the adjustment to be done in accounting books

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Reference no: EM132778500

Problem 1: A machine which was acquired three years ago for 78.000 € and with an updated accumulated depreciation of 23.400 €, has an estimated value in use of 52.500€ while its fair value less costs to sell is 55.000 €. What would be the adjustment to be done in the accounting books for this asset at year end?

Select one:

a. dont know
b. The company should record an impairment loss of 2.100€
c. The company should not record any adjustment for impairment
d. The company should record an impairment loss of 400€
e. The company should record an impairment loss of 2.500€

 

Reference no: EM132778500

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