Aubrac Logistique owns a fleet of order-picking robots carried at 2,350,000. An independent valuer sets its fair value under IFRS 13 at 2,400,000 (given), which is more than the carrying amount. However, disposing of the fleet would cost 36,000 of stamp duty, 14,000 of lawyer's fees and 50,000 of refurbishment directly required for the sale. A dismantling adviser has already invoiced 20,000, an amount recognised as a payable at the year-end. Value in use is 2,290,000. What are the fair value less costs of disposal, the recoverable amount and any impairment loss?
- Carrying amount of the robot fleet
- 2,350,000
- Fair value (IFRS 13, given)
- 2,400,000
- Stamp duty
- 36,000
- Lawyer's fees
- 14,000
- Refurbishment required for the sale
- 50,000
- Adviser already recognised as a payable
- 20,000
- Value in use (given)
- 2,290,000