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

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?
C) $1,200
A) $0
B) $300
D) $2,000

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

Actual exam question for CIMA's CIMAPRA19-F01-1 exam
Question #: 17
Topic #: 3
[All CIMAPRA19-F01-1 Questions]

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?

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Suggested Answer: C

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

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Ria
9 months ago
Totally agree, $1,200 makes the most sense!
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Lavera
9 months ago
Wait, how can it be $2,000? That doesn’t add up.
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Ernestine
9 months ago
I think it’s $1,200. Seems right!
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Pansy
9 months ago
Impairment loss is usually fair value minus costs.
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Dusti
9 months ago
The selling costs are $1,500.
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Malinda
10 months ago
I'm not totally sure about this one. The options seem a bit vague to me. I'll have to make an educated guess and go with C, "As a partial lot".
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Tora
10 months ago
This seems like a straightforward question about the functions of strategic mapping software. I'll carefully read through the options and try to identify the one that best matches the description.
upvoted 0 times
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