An analyst is studying the impairment of the manufacturing equipment of WLP Corp., a U.K.-based corporation that follows IFRS. He gathers the following information about the equipment:
|
Fair value |
£16,800,000 |
|
Costs to sell |
£800,000 |
|
Value in use |
£14,500,000 |
|
Net carrying amount |
£19,100,000 |
The amount of the impairment loss on WLP Corp.’s income statement related to its manufacturing equipment is closest to:
A. £2,300,000.
B. £3,100,000.
C. £4,600,000.