On December 31 , 2010, Scotch Company decided and classified a group of its assets as held for sale . The assets form a disposal group and have the following carrying amount Accounts receivable P1,000, Inventory 4,000,000 Property, plant and equipment 16,000,000 Patent 4,000,000 Goodwill 5,000,000 On December 31 1, 2010 , the entity estimated that the fair value less cost to sell of the disposal group is P22,000,000 How much impairment loss is allocated to property, plant and equipment ?

On December 31 , 2010, Scotch Company decided and classified a group of its assets as held for sale . The assets form a disposal group and have the following carrying amount Accounts receivable P1,000, Inventory 4,000,000 Property, plant and equipment 16,000,000 Patent 4,000,000 Goodwill 5,000,000 On December 31 1, 2010 , the entity estimated that the fair value less cost to sell of the disposal group is P22,000,000 How much impairment loss is allocated to property, plant and equipment ?

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter10: Long-lived Tangible And Intangible Assets

Section: Chapter Questions

Problem 25E

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