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I need the proper solutions of 3 case questions in excel file with workings and formulas.
As at 1 January, 20X0 Casey plc had property, plant and equipment with the carrying amount of $ 250,000. In the year ended 31 December 20X0, the company disposed of assets with the carrying amount of $ 45,000 for $50,000. The company revalued a building from $75,000 to $100,000 and charged depreciation of $ 20,000. At the year-end, the carrying amount of property, plant and equipment amounted to $ 270,000.
How much will be reported in the statement of cash flows for the year ended 31 December 20X0 under the heading “ cash flows from investing activities?
An entity purchased an investment property on 1 January 20X3 for a cost of $ 3.5 million. The property had an estimated useful life of 50 years, with no residual value and at 31 December 20X5 had a fair value of $ 4.2 million. On 1 January 20X6, the property was sold for $ 4 million.
Calculate the result on disposal under both cost and fair value model.
The following information relates to four assets held by a company.
|Asset B||Asset C||Asset D|
|$120 million||$ 30 million||$40 million||$ 70 million|
|Value in use||$ 80 million||$ 70 million||$ 80 million||
$ 20 million
|Fair value||$ 90 million||$ 40 million||$ 70 million||
$ 30 million
What is the total impairment loss? More Details>>>