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An asset has carrying amount ₹250 lakh; FV less costs to dispose ₹187 lakh; VIU ₹200 lakh. Recoverable amount and impairment loss?
ARA ₹187; impairment ₹63
BRA ₹250; impairment Nil
CRA ₹200; impairment ₹50
DRA ₹387; impairment Nil
Answer & Solution
Correct answer: C. RA ₹200; impairment ₹50
RA = max(FVLCTS ₹187, VIU ₹200) = ₹200. Impairment = CA ₹250 − RA ₹200 = ₹50.
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