An analyst collects the following data (in € thousands) regarding a company's non-depreciable asset:
Historical cost: €50,000
Carrying value after impairment, 31 December Year 1: €40,000
Recoverable amount, 31 December Year 2: €60,000
What is the maximum allowable carrying amount (in € thousands) on the Year 2 balance sheet?
Exam-Like
A
€40,000
0.0%
B
€50,000
100.0%
C
€60,000
0.0%
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An analyst collects the following data (in € thousands) regarding a company's non-depreciable asset:
- Historical cost: €50,000
- Carrying value after impairment, 31 December Year 1: €40,000
- Recoverable amount, 31 December Year 2: €60,000
What is the maximum allowable carrying amount (in € thousands) on the Year 2 balance sheet? | Chartered Financial Analyst Level 1 Quiz - LeetQuiz