The Following Information Was Taken from the Fixed Asset Records

question 1

Multiple Choice

The following information was taken from the fixed asset records of Bosco Ltd. as of December 31, 2010: $\begin{array}{llr}\text { Carrying value } & € 100,000 \\\text { Selling price } & € 85,000 \\\text { Costs of disposal } & € 3,000 \\\text { Expected future cash flows } & € 75,000 \\\text { Present value of expected future cash flows } & € 63,000\end{array}$
-Using IAS 36, what is the amount of impairment loss?

• A)€18,000
• B)€37,000
• C)€15,000
• D)€25,000

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Definitions:

Enterprise Network

An organization’s network, which is composed of interconnected multiple LANs and WANs.

Traditional Network

A communication framework that relies on physical infrastructure and basic software for connectivity and data transfer among users.

SDN

Software-Defined Networking, a networking approach that allows networks to be intelligently and centrally controlled, or 'programmed,' using software applications.

CIO

Stands for Chief Information Officer, a senior executive responsible for managing an organization's information technology strategy.