Good morning sir, how do you get the 500 for the steam engine in march, and why is that no impairment loss in march? I don't understand the calculation for the steam engine. Thanks so much, sir
@faithike9762 The steam engine was impaired by $500 because one was destroyed. That is what I mean by specific asset in my explanation No further impairment should be allocated to it having initially allocated the impairment loss of 500 it had suffered to it.
Good evening sir. How do we know that there’s no further impairment for steam engine and there should be a further impairment for property train and rain track in March sir .
thank u so much
Glory be to God
Good morning sir, how do you get the 500 for the steam engine in march, and why is that no impairment loss in march? I don't understand the calculation for the steam engine. Thanks so much, sir
Two-seam engine cost $1000 and only one was destroyed which will cost $500(1000/2)
@faithike9762 The steam engine was impaired by $500 because one was destroyed. That is what I mean by specific asset in my explanation
No further impairment should be allocated to it having initially allocated the impairment loss of 500 it had suffered to it.
Good evening sir. How do we know that there’s no further impairment for steam engine and there should be a further impairment for property train and rain track in March sir .
For specific asset, only the impairment it has suffered should be charged to it. No further impairment should be charged to specific asset
Thank you sir
@@Ezikan ❤
@@EzikanThank you for the explanation sir. God bless you always