What is the amount of impairment loss under us gaap, Accounting Basics

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What is the amount of impairment loss under us gaap

Fixed asset records of Palmettos Ltd. And of Dec. 31, 2013:

Carrying value €105,000
Selling price €90,000
Cost of disposal €8,000
Expected future cash flows €80,000
Present value of expected future cash flows €68,000

Using IAS 36, what is the amount of impairment loss?
What is the amount of impairment loss under US GAAP?
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Accounting Basics: What is the amount of impairment loss under us gaap

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Accounting Basics: What is the amount of impairment loss under us gaap

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Recent Questions Asked Accounting Basics

Q : A part of the breeding population

Q : What is sanchez cos total in it''s bond payable

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Q : What is the amount of impairment loss under us gaap

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Accounting Basics: What is the amount of impairment loss under us gaap

Reference No:- TGS0679952

Recent Questions Asked Accounting Basics

Q : A part of the breeding population

Q : What is sanchez cos total in it''s bond payable

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Q : Complete the incremental analysis

Q : What is the amount of impairment loss under us gaap

Q : Prepare the journal entry to record the initial sale

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