At Reporting Date Guilder Limited Estimated an Impairment Loss of €50

question 20

Multiple Choice

At reporting date Guilder Limited estimated an impairment loss of €50 000 against its single cash-generating unit. The company had the following assets:
$\bullet$ Headquarters Building €100 000;
$\bullet$ Plant €60 000;
$\bullet$ Equipment €40 000.
The net carrying amount of Plant after allocation of the impairment loss is:

• A) €60 000;
• B) €45 000;
• C) €35 000;
• D) €10 000.

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Definitions:

Military

The armed forces of a country, responsible for defending it against threats and ensuring national security.

Social Institution

A structured and stable set of norms and practices that govern the behavior of a group of people within a society.

State's Role

The functions and responsibilities undertaken by the government or governing bodies of a nation, including creating laws, providing services, and protecting the citizenry.

Rights and Privileges

Rights refer to fundamental freedoms and protections guaranteed under law, while privileges are special advantages not available to everyone.