Reference no: EM132974414
Question - On December 31, 2019, a manufacturing plant with a carrying amount of P4,000,000 (cost of P5,000,000 less accumulated depreciation of P1,000,000) was tested for impairment. An impairment loss of P1,200,000 was recognized and the basis that the recoverable amount was the estimated fair value less costs to sell of P2,800,000. The plant had a remaining useful life of 5 years.
On December 31, 2021, there are indications that the impairment loss recognized in 2019 may be reversed. The value in use is estimated at P3,500,000 whilst the fair value less costs to sell is estimated at P3,000,000.
What is the amount of impairment reversal should be recognized on December 31, 2021?
|
Find relationships between the groups
: Identify a workplace or social organization you are familiar with and describe the key groups, structure, and relationships between the groups.
|
|
What is the effective annual cost
: A firm is offered trade credit terms of 3/15, net 30 days. The firm does not take the discount, and it pays after 50 days. What is the effective annual cost
|
|
Explain what information manager request from management
: Describe What information could the manager request from the management accounting department that might help in attacking the problem of increasing defects?
|
|
What are options available for jj asian cuisine as business
: What the business plan is and highlight major component? What are options available for JJ Asian Cuisine as the business structure? Explain pros and cons.
|
|
What is the amount of impairment reversal should recognized
: The value in use is estimated at P3,500,000 whilst fair value less costs to sell is estimated at P3,000,000. What amount of impairment reversal recognized
|
|
Provide any business recommendations can
: Trina will be providing her customers with an operating manual, Provide any business recommendations you can, with detailed analysis/rationale.
|
|
Discuss what information could the management accounting
: Discuss what information could the management accounting department supply to assist management with this decision? The top management of a fast-food hamburger
|
|
Compare the elements of management
: Change management is a process in which tools, techniques, and structures are applied. Compare the elements of management as found in your prescribed in your te
|
|
Analyse the porter five forces of competitive environment
: Analyse the Porter's Five Forces of the competitive environment/market that Shopee is competing in.
|