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Homework answers / question archive / On 30 September 2017 an impairment review was carried out on a machine

On 30 September 2017 an impairment review was carried out on a machine

Accounting

On 30 September 2017 an impairment review was carried out on a machine . The following amounts were established in respect of the machine:

                   $

Carrying amount  850,000

Value in use      760,000

Fair value         850,000

Costs of disposal    30,000

 

The recoverable amount of the machine is?

Select one:

a. $850,000

b. $820,000

c. $760,000

d. $790,000

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