Before impairment, a recycling unit of Ecomira had a carrying amount of 500,000. The entity recognises an impairment loss of 120,000. The tax base of the unit, which the loss does not change under the applicable tax rules (given), is 450,000. What is the revised carrying amount to be compared with the tax base, and by how much does the tax base now exceed it?
- Carrying amount before impairment
- 500,000
- Impairment loss
- 120,000
- Tax base
- 450,000