A Company has one molding units. there are four separate six molding machines. the company is not using 50% of them, i.e., three machines for several years and charging depreciation normally. all the four machines are independent of each other. can impairment of those machines be directed. If yes, how to calculate the impairment. because they did not maintain realisable value or Replacement cost. Only written down value of the machine will be available.
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Impairment of Assets
Replies (2)
please make your query clear. u have said 4 separate 6 moulding machines? what does that mean
just a typing error. the word "four" should be "six". Kindly help me to solve the problem.
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