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Danube has a factory which it bought 3 years ago for 762,400.0. The salvage value...

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Accounting

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Danube has a factory which it bought 3 years ago for 762,400.0. The salvage value was estimated at zero and the useful life was estimated at 20 years. At the beginning of the current year (year 4), the product produced in this factory was the subject of a significant health scare. Like for like sales have declined by 20% per month. The management estimate that the factory is now only worth 10% of the net book amount at the end of year 3 and an impairment expense is necessary. How much is the factory impairment in year 4 ? Select one: 583,236.0 518,432.0 686,160.0 548,928.0

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