00:01
Okay, so we're going to be looking at the calculation of impayment.
00:05
We want to find out based on the international financial insurance boarding standards, what the situation should be, given the following information.
00:17
The first part of the information obviously has to do with the data that is given, that the price at which it could be sold, this machinery price, so that's the future price at which the price at which the machinery could be sold.
00:44
So it's given as $300 ,000.
00:49
Okay.
00:50
So the second part of the information relates to the value in use.
00:59
Okay.
00:59
So the value in use, value in use, of course, this is discounted.
01:08
To present value.
01:11
This is discounted to present value.
01:13
Just put their pv is actually given as $400 ,000.
01:22
All right.
01:23
So it says here in the, natalie's car is an international company that chooses international financial reporting standards.
01:36
She owns machinery with a book value.
01:39
The book value there is actually $450 ,000.
01:50
All right...