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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

Team Management Financial Accounting Internal Audit Financial Management Financial Systems Implementation
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Question added by Deleted user
Date Posted: 2013/08/28
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SRINIVAS RAO KANAMARLAPUDI
by SRINIVAS RAO KANAMARLAPUDI , Senior AGM , SEAWAYS SHIPPING AND LOGISTICS LIMITED

Impairment is SR6000; 

Asad zaman
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

Muhammad Awais Ali
by Muhammad Awais Ali , Performance Manager , Gladstone Wiz Ltd

SR10,000

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