Question

An asset's carrying amount is $25,000. Its fair value less costs of disposal is
$15,000 and its value in use is $19,000. There is an impairment loss of:​

Answer 1

Explanation:

yes, there is an impartial loss equal to 25000-15000

Answer 2

Answer:

$ 6000

Explanation:

Recoverable amount is $19,000 (the higher of $15,000 and $19,000).

So the impairment loss is $6,000 ($25,000 – $19,000).

Impairment loss = $ 6000