The Following Information Was Taken from the Fixed Asset Records

question 26

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 recoverable amount?

• A)€85,000
• B)€82,000
• C)€63,000
• D)€75,000

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Definitions:

Alcohol Misuses

The consumption of alcohol in a manner that negatively affects the drinker's health, personal relationships, or social standing.

Classical Conditioning

A method of learning whereby a response originally produced by the second of two repeatedly associated stimuli is ultimately provoked by the first stimulus on its own.

Hypodermic Needle

A thin, hollow needle used for injecting substances into the body or extracting fluids from it.

Dependent

Relating to a person who relies on another for support, particularly in the context of mental or physical health.