62. A Canadian printing company which prepares its financial statements according to IFRS has
experienced a decline in the demand for its products. The following information relates to the
company’s printing equipment as of 31 December 2010.
C$
Carrying value of equipment (net book value) 500,000
Undiscounted expected future cash flows 550,000
Present value of expected future cash flows 450,000
Fair Value 480,000
Costs to sell 50,000
Value in use 440,000
The impairment loss (in C$) is closest to:
A. 0.
B. 60,000.
C. 70,000.
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