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Journal entryAdvancedPublished

Question · Write-down loss on classification

Treval has just classified a group as held for sale. Its carrying amount, after prior remeasurement, is 905,000 and its fair value less costs to sell is 874,000. Post the entry recognising the impairment loss.

Carrying amount after prior remeasurement
905,000
Fair value less costs to sell
874,000
Your answer
  1. Line 1

    Account Impairment loss

  2. Line 2

    Account Assets held for sale

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