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impairment of asset

 
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impairment of asset
shukla
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#1
07-15-2008, 04:37 AM
hello members...plz help...the question is about impairment of assets....question is as under


Asset"A"
WDV(3200)RS in thousand
valueinuse(3100)RS in thousand
forcedsalevalue (2400) Rs in thousand
fair value (2500) Rs in thousand

ASSET"B"
WDV (1500) RS in thousand
valueinuse (1200)RS in thousand
forcedsalevalue (1225) RS in thousand
fairvalue (1400) RS in thousand

ASSSET"C"
WDV (1700) RS in thousand
value in use (1500)Rs in thousand
forced sale value (1900) Rs in thousand
fair value (2000) RS in thousand

Futher information
every asset is sold through a public tender which costs around Rs 50000. Asset "A" and "C" has to be dismantiled at the time of sale and the cost of dismantiling is Rs 100 thousand and RS 200 thousand respectivley. sale agreement is prepared by the company's legal advisor whose annual fee is Rs 365 thousand. It takes about 4 days to draft a sale agreement.

Required
compute the impairment loss for each asset(if any)

plz plz plz senoirs help....

regards
sohail akound(shukla)
[email protected]
[email protected]
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Messages In This Thread
impairment of asset - by shukla - 07-15-2008, 04:37 AM
[No subject] - by shukla - 07-16-2008, 04:30 AM
[No subject] - by shukla - 07-19-2008, 09:03 PM
[No subject] - by Shahbaz - 07-20-2008, 04:08 AM
[No subject] - by kamranACA - 07-26-2008, 07:30 PM
[No subject] - by Ammar - 07-28-2008, 04:15 PM

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