Cost Jan.

Problem 67 1 A

1 2020
5,000,000
Accumulated
depreciation
Dec. 31, 2020
(5,000,000/10
x 1 year) -
500,000
Carrying
amount Dec.
31, 2020
4,500,000
FV less cost of
disposal Dec.
31, 2020
(4,200,000 -
50,000 cost of
disposal)
4,150,000
Impairment
loss for 2020
350,000
2. C
Carrying
amount Dec.
31, 2020
4,500,000
Depreciation
that would
have been
recognized
in 2021
(5,000,000/10
) -500,000
Carrying
amount Dec.
31, 2021
4,000,000

FV Dec. 31,
2021
3,500,000
Cost of
disposal -
100,000
Recoverable
amount Dec.
31, 2021
3,400,000
3. D
Measurement
of equipment
4,000,000
Carrying
amount per
book Dec. 31,
4,150,000
Loss on
reclassificatio
n -150,000
Problem 6-8