Question

IAS 36. Impairment of assets. We are a photo studio, and due to the increase in work and staff, we have had to acquire three new cameras and accessories. The acquisition occurred in January 2018. The prices of the cameras are as follows:

• Camera 1: 1.750 euros
• Camera 2: 3.500 euros
• Camera 3: 1.950 euros
• Accessories: 4.550 euros

Calculate:

• The impairment loss of the asset at the end of 2020, taking into account that the recoverable amount of the acquisitions is:
  • Camera 1: 575 euros
  • Camera 2: 1.500 euros
  • Camera 3: 750 euros
  • Accessories: 2.200 euros

Answer 1