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Impairment loss calculation

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Impairment loss calculation

Dear All,

In attempting question 7 of the F7 BPP Study text, I tried to calculate amortization and depreciation on the asset for the month used before allocating the impairment loss to the asset. On checking the answer, I discover that the depreciation and amortization was not deducted before allocating the impairment loss. Does that mean it should not be deducted.

Thank you.

May 2nd 2017 AN ACCA USER 160 Points

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