A non-depreciated asset has a cost of N$100 000. At the end of 20X1, it has a recoverable amount of N$80 000. At the end of 20X2, its recoverable amount is N$140 000.
(Choose one correct option only)

Question

A non-depreciated asset has a cost of N$100 000. At the end of 20X1, it has a recoverable amount of N$80 000. At the end of 20X2, its recoverable amount is N$140 000. 
 (Choose one correct option only)

Answer

No entries will be processed because the asset is a non-depreciable asset.

Answer

At the end of 20X1, an impairment loss of N$20 000 will be processed. At the end of 20X2, an impairment loss reversal of N$20 000 will be processed.

Answer

None of the options are correct

Answer

At the end of 20X1, an impairment loss of N$20 000 will be processed. At the end of 20X2, an impairment loss reversal of N$40 000 will be processed.

Answer

At the end of 20X1, an impairment loss of N$20 000 will be processed. At the end of 20X2, an impairment loss reversal of N$60 000 will be processed

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A non-depreciated asset has a cost of N$100 000. At the end of 20X1, it has a re...

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