Question

On January 2, 2021, ANG Company purchased equipment with a cost of Rp10,440,000, a useful life of 10 years and no salvage value. The company uses straight-line depreciation. At December 31, 2022, the company held the equipment for sale and, and that the sale is highly probable. Fair value less costs to sell at December 31, 2022 is Rp8,850,000. The 2022 Income statement will report • a. Impairment Loss of R546,000 • b. Recovery of Impairment Loss of Rp894,000 • c. Impairment Loss of Rp894,000 • d. No Impairment Loss or Recovery of Impairment Loss

          On January 2, 2021, ANG Company purchased equipment with a cost of Rp10,440,000, a useful life of 10 years and no salvage value. The company uses straight-line depreciation. At December 31, 2022, the company held the equipment for sale and, and that the sale is highly probable. Fair value less costs to sell at December 31, 2022 is Rp8,850,000. The 2022 Income statement will report
• a. Impairment Loss of R546,000
• b. Recovery of Impairment Loss of Rp894,000
• c. Impairment Loss of Rp894,000
• d. No Impairment Loss or Recovery of Impairment Loss

Added by Muhammad Faris S.

Question

Please give Ace some feedback