matthewboeckman1369 matthewboeckman1369

24-05-2023
Business

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On March 1, 2021, Bergs Corp. carried out an impairment review of its famous brand. The brand purchased on June 1, 2017, at 40 million is estimated to have a 10-year useful life. The review meanwhile indicated that the brand had a value in use of 18 million and a revised remaining useful life of 5 years. On the same day, the review results were issued, Bergs Corp. received an offer of 21 million from Knowie Inc. to purchase the brand.
In the statement of financial position of Bergs as of May 31, 2021, how much should the brand reported?
A. 0
B. 20,160,000
C. 19,950,000
D. 21,000,000
E. 20,250,000

Respuesta :

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