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On 1 December x4, a piece of land of Greyson Bhd had a carrying amount of RM25 million, but its recoverable amount was R
Posted: Wed Jul 06, 2022 6:12 am
by answerhappygod
- On 1 December X4 A Piece Of Land Of Greyson Bhd Had A Carrying Amount Of Rm25 Million But Its Recoverable Amount Was R 1 (341.25 KiB) Viewed 13 times
On 1 December x4, a piece of land of Greyson Bhd had a carrying amount of RM25 million, but its recoverable amount was RM24 million. On re-classification as non-current asset held for sale (NCAHFS), the fair value less cost to disposal (FVLCD) was RM23 million. On 1 March x5, the FVLCD was: a. RM24 million b. RM25.5 million Required: Discuss the accounting treatment of the land for both scenario (a) and (b) above.