The company provided the data of PP&E in a cash-generating unit (CGU) as follows: Cost Accumulated Depreciation PP&E-A $
Posted: Thu Apr 28, 2022 10:52 am
The company provided the data of PP&E in a cash-generating
unit (CGU) as follows:
Cost
Accumulated Depreciation
PP&E-A
$ 15,000
$ 8,000
PP&E-B
30,000
19,000
PP&E-C
45,000
23,000
The unit’s fair value less costs
to sell was $25,000. The unit’s future cash flows
was $32,000, and its present
value was $28,000. The company adopted IFRS.
unit (CGU) as follows:
Cost
Accumulated Depreciation
PP&E-A
$ 15,000
$ 8,000
PP&E-B
30,000
19,000
PP&E-C
45,000
23,000
The unit’s fair value less costs
to sell was $25,000. The unit’s future cash flows
was $32,000, and its present
value was $28,000. The company adopted IFRS.