2. Accounting
3. consider the following information that relates to five different items...

Question: consider the following information that relates to five different items...

Question details

Consider the following information that relates to five different items of plant and equipment at the reporting date:

Asset

Carrying amount

$Fair value$

Costs of disposal

$Value in use$

A

100 000

105 000

3 000

110 000

B

50 000

45 000

1 000

48 000

C

80 000

85 000

2 000

82 000

D

200 000

190 000

5 000

220 000

E

120 000

120 000

3 000

115 000

Required

a) Calculate the recoverable amount for each of the five plant and equipment assets.

B) Assuming plant and equipment is carried under the revaluation model, determine the amount of any revaluation adjustment necessary for each of the five assets.?