alleryStart learning →Carrying Rs 5,00,000; fair value Rs 4,80,000; selling costs Rs 15,000. Held for sale measurement?
ARs 5,00,000
BRs 4,65,000
CRs 4,95,000
DRs 4,80,000
Answer & Solution
Correct answer: B. Rs 4,65,000
Fair value less costs to sell is 4,80,000 minus 15,000 = 4,65,000, which is lower than the carrying amount, so an impairment loss of 35,000 arises.
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Related questions
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