Fixed asset records of palmettos ltd and of dec 31, Ask an Expert

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Fixed asset records of Palmettos Ltd. And of Dec. 31, 2013:

Carrying value €105,000
Selling price €90,000
Cost of disposal €8,000
Expected future cash flows €80,000
Present value of expected future cash flows €68,000

Using IAS 36, what is the amount of impairment loss?
What is the amount of impairment loss under US GAAP?
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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9952687

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