Solution-What amount credited to accumulated depreciation-

What amount credited to accumulated depreciation- equipment

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Reference no: EM132683182

Freeman Company determined that its Clooney division is a cash generating unit. The company calculated the value in use of the division to be P24,000,000. The assets of the CGU at carrying amount are as follows : Building P15,000,000; Equipment 9,000,000; Inventory 6,000,000. The entity has also determined that the fair value less cost of disposal of the building is P13,500,000. In recording the impairment,

Problem 1: What amount is credited to Accumulated depreciation-Building?

Problem 2: What amount is credited to Accumulated depreciation - Equipment?

Problem 3: What amount is credited to Inventory?

Reference no: EM132683182

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What amount credited to accumulated depreciation- equipment

Reference no: EM132683182

Reference no: EM132683182

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