CIMA Exam CIMAPRA19-F01-1 Topic 3 Question 17 Discussion

Actual exam question for CIMA's CIMAPRA19-F01-1 exam

Question #: 17
Topic #: 3

An asset has the following values:

If the asset was sold for its fair value, selling costs of $1,500 would be incurred.

Which of the following is the value of the impairment loss to be recognised for this asset in accordance with IAS 36 Impairment of Assets?

A$0

B$300

C$1,200

D$2,000

Show Suggested Answer

Suggested Answer: C

by Adell at May 04, 2022, 10:51 PM

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