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Write down of the motor vehicles to recoverable amount is

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On 31 December 2012 HiRise Ltd's balance sheet shows motor vehicles at a cost price of $200,000 less accumulated depreciation $50,000. HiRise Ltd uses the cost model to value its assets. On 31 December 2012 an estimate is made that the recoverable amount of the vehicles is $120,000.

Question 1: Under IAS 36/AASB 136 the accounting entry to record the write down of the motor vehicles to recoverable amount is

Reference no: EM132522654

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