Flastois's main plant (carrying amount 1,240,000) is destroyed by an explosion on 8 February, with no inventory inside (0). The insurer has confirmed proceeds of 900,000 (case data). What loss should be recognised at 31 December and what financial effect estimated in the notes?
- Carrying amount of the destroyed plant
- 1,240,000
- Inventories destroyed
- 0
- Expected insurance proceeds
- 900,000