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Audit of PPE
Audit of PPE
Audit of PPE
Illustrative #8
Illustrative #9
Illustrative #10
Cash 4,000
Accounts Receivable 6,000
Allowance for Doubtful Accounts 1,000
Inventory 7,000
PPE 22,000
Accumulated Depreciation 4,000
Goodwill 3,000
Accounts Payable 2,000
Loans Payable 1,000
The entity determined that the value in use of the cash generating unit
is 30,000,000. The accounts receivable is considered collectible,
except those considered doubtful.
Compute for impairment loss