An asset's carrying amount is SR25,000. Its fair value less costs to sell is SR15,000 & its value in use is SR19,000. There is an impairment loss of:

1. SR10,0002. SR6,0003. SR4,0004. nil

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Date Posted: 2013/08/28

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by SRINIVAS RAO KANAMARLAPUDI , Senior AGM , SEAWAYS SHIPPING AND LOGISTICS LIMITED

Impairment is SR6000;

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by Asad zaman , Audit/Finance , Rafaqat Baber and co

impairment=Lower of asset carrying value or NRV

while NRV=heigher of fair value less cost to sell or its value in use so

asset carring value is25000 and value in use is19000

therefore impairment loss is SR6000

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by Muhammad Awais Ali , Performance Manager , Gladstone Wiz Ltd

SR10,000

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