The carrying amount of an asset is N$50 000, the value in use is N$45 000 and the fair value is N$30 000 and the costs of disposal is N$10 000.
(Select one correct option only)

Question

The carrying amount of an asset is N$50 000, the value in use is N$45 000 and the fair value is N$30 000 and the costs of disposal is N$10 000. 
 (Select one correct option only)

Accepted Answer

The recoverable amount will be N$45 000 and the impairment loss N$5 000

Answer

The recoverable amount will be N$20 000 and the impairment loss N$30 000

Answer

The recoverable amount will be N$30 000 and the impairment loss N$20 000

Answer

None of the options are correct

Answer

The recoverable amount will be N$40 000 and the impairment loss N$10 000

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The carrying amount of an asset is N$50 000, the value in use is N$45 000 and th...

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