Information on the Capital Assets of Longhorn Ltd, a Public

question 84

Multiple Choice

Information on the capital assets of Longhorn Ltd, a public Corporation, follows: $\begin{array}{ll}\text { Carrying amount: } & \$ 80,000 \\\text { Value in use: } & \$ 68,000 \\\text { Fair value less selling costs: } & \$ 72,000\end{array}$ The recoverable amount to be used for the impairment test is:

• A)$80,000
• B)$68,000
• C)$72,000
• D)$70,000

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Definitions:

Electrolyte Imbalance

A condition in which the levels of electrolytes in the body are either too high or too low, affecting various bodily functions.

Potassium

An essential dietary mineral and electrolyte that plays significant roles in heart function, nerve signal transmission, and muscle contraction.

Urine Output

An important measure in assessing an individual's fluid balance and kidney function, referring to the quantity of urine excreted in a given period.

Metabolic Acidosis

A condition characterized by an excessive acid buildup in the body, due to kidney failure, excessive acid production, or bicarbonate loss.