At the end of 20X1, Arvel tests a hydraulic press that shows an indication of impairment. Its carrying amount is 500,000. An expert estimates its fair value less costs of disposal at 420,000 and management calculates a value in use of 465,000. What is the recoverable amount of the press?
- Carrying amount of the press
- 500,000
- Fair value less costs of disposal
- 420,000
- Value in use
- 465,000