CruiseLines has 3 cruise ships that are currently docked as customers are not booking cruises....
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Accounting
CruiseLines has 3 cruise ships that are currently docked as customers are not booking cruises. At 30 June 2021 the carrying amount of the cruise ships is $12,400,000, the fair value is $5,600,000, the cost to sell were estimated to be $800,000 and the value in use is $3,200,000.
The recoverable amount relevant for CruiseLines is
a.$2,400,000
b.$3,200,000
c.$4,800,000
d.$5,600,000
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