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  • 42822a36 Assets Held For Sale Workout Full

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    Zenie Renolayan
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    The document discusses assets held for sale and calculating their carrying amount and fair value less cost to sell for financial reporting. It provides an example workout calculating the measurement of an asset with a carrying value of $10,000 and fair value of $12,000, with $3,000 in costs to sell, resulting in a measurement for financial reporting of $9,000. The document is intended for training purposes for the Financial Edge software.

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    42822a36-assets-held-for-sale-workout-full

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    The document discusses assets held for sale and calculating their carrying amount and fair value less cost to sell for financial reporting. It provides an example workout calculating the measurement of an asset with a carrying value of $10,000 and fair value of $12,000, with $3,000 in costs to sell, resulting in a measurement for financial reporting of $9,000. The document is intended for training purposes for the Financial Edge software.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    6 views3 pages

    42822a36 Assets Held For Sale Workout Full

    Uploaded by

    Zenie Renolayan
    The document discusses assets held for sale and calculating their carrying amount and fair value less cost to sell for financial reporting. It provides an example workout calculating the measurement of an asset with a carrying value of $10,000 and fair value of $12,000, with $3,000 in costs to sell, resulting in a measurement for financial reporting of $9,000. The document is intended for training purposes for the Financial Edge software.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    685928504.

    xlsx
    Welcome

    Assets Held for Sale

    This document is for training purposes only. Financial Edge accepts no responsibility or liability for any other purpose or usage.

    © 2023 Financial Edge Training


    www.fe.training

    © 2020 Page 1 of 3
    685928504.xlsx
    Info

    Assets Held for Sale


    Workout Information
    Features Model Details
    ◦ Calculating the carrying amount of assets held for sale Company name ABC Incorporated
    ◦ Calculating the fair value less cost to sell an asset Date 31-Dec-18
    Currency USD
    Units
    Analyst Name
    Circular Switch

    Tab Structure Formatting

    Input
    Hard coded
    Formulas

    © 2020 Page 2 of 3
    685928504.xlsx
    Workout

    Assets Held for Sale

    Workout 1
    Determine the measurement of this asset for financial reporting under IFRS 5

    Carrying value $
    Purchase price 20,000.00
    Accumulated depreciation 10,000.00
    Carrying value 10,000.00

    Fair value 12,000.00


    Cost to sell the asset 3,000.00

    Measurement of the asset for financial reporting 9,000.0

    End

    © 2020 Page 3 of 3

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