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hcan you change the retained earning 5to Question 3: During...

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Accounting

hcan you change the retained earning 5to
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Question 3: During the year ended 31 December 20X1, Bougs Co built an extension to its head office. Associated costs are as follows: At 30 September 20X1, this head office extension became available for use. At that date, the total borrowing costs incurred on a loan which was used specifically to finance this head office extension amounted to $1.3 million. Since construction costs are gradually eliminated according to the construction progress, there is a temporary income from the above loan of $0.1 million during the construction period. Bougs Co also acquired 100% of a subsidiary, Mouves Co, on 1 January 20X1. The carrying amount of the assets of Mouves Co in the consolidated financial statements of the Bougs Group at 31 December 20X1, immediately before an impairment review, were as follows: The recoverable amount of Mouves Co was estimated at \$ X6 million at 31 December 20X1 Required: 1. Give your own X3,X4,X5 and X6 (assume that X6

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