The Counseling of God Essay Example for Free

The Counseling of God Essay In the book Psychology, Theology, and Spirituality in Christian Counseling, Mark McMinn emphasizes the importance of involving Christianity in counseling activities. In this book he stresses the importance of assimilating Psychology and Christianity by citing numerous examples. McMinn highlights the importance of using the Scripture in counseling since not many in the population of counselors make use of such for the application in this profession. McMinn accentuates all the positive effects that the use of the Scripture, prayer, study of the Biblical texts and sacraments have in counseling and that everybody who lives to counsel other people should embrace this practice with their profession. Mostly, counselors try to avoid the inclusion of religion in what they do and McMinn argues that this could be dangerous since most emotional disturbances may be related to sin. According to McMinn confessing the sins in the seclusion of a counseling office is a vital part of the healing process of the client or the student. McMinn argues that integrating the notion of sin and the process of confession into the counseling process can help clients grow spiritually. McMinn also touched the subject on forgiveness and redemption. As McMinn has discussed, forgiveness may not be described only as an emotional relief. In contrast to psychotherapy, forgiveness and redemption involves understanding, self-awareness and humility and further, redemption is a way of healing or recuperation. Thus, from this claim, the restoration of meaning and worth in the client’s life may be realized through God. Psychology and Christianity are two disciplines that are very complex and are not very simple to simultaneously give meaning to, but by having a solid foundation in both fields could help the counseling profession to more conveniently assist their clients in recognizing it. Concrete Responses I was not a part of the best looking lot back in elementary school and high school. I was overweight, my nose is way too crooked and my teeth just decided to settle on top of each other. To make up with that, I would say that I talked a lot and I craved for a lot of attention. Every time somebody is showing off their new stuff like some neat shoes or a nice and expensive bag, I had a problem of severe jealousy and desire to have the same things. So I usually bug my parents to buy me one even if it is completely unnecessary. I only managed to ponder over these facts now that I am an adult. I know and I have realized that everything I was before only rooted from my almost brutal superficial nature. Unfortunately, I think I was not able to get over it. I think it was a bit inevitable to take that part with me as I grew older. Though I don’t get jealous over shoes anymore, I have shifted to things that are a bit more appropriate for my age. Most people have moments wherein they would feel inadequate and incompetent. However, my method in coping with that is to fulfill my â€Å"meagerness† by making up stories to the point of doing it at the expense of other people. I think the foulest thing that I have ever done is when I simultaneously came up with my own â€Å"fairy-tales† just to make myself look good and superior. I told people that my father was someone who has a really good status in our city, although my dad is just this normal guy. I told people that I owned coffee shops and that I did part-time work for a very reputable employer, I made a fake faculty I. D just so that I can have access to books without deadlines, I cheat my way towards so many ends and the worst is, I also have very controversial photos that I believe was going around online within the group that I belong to. That incident woke me up at some point and made me contemplate a lot on how I have been behaving. I believe that some people who knew me well are just staying silent about all the rotten actions that I have been plotting for my own benefit. They are staying silent because they don’t even attempt to rekindle our friendship and I know how much they hate me because of their utter indifference. By now, since we belong to the same University, the tales that I have started may have reached their knowledge at this point but I am thankful that they never gave me away. And right now all I feel is fear and guilt. What bothers me about this book is the permanent dread it is causing me. Ironically, I am fairly religious and I do believe in God. Since I feel that what I have been doing is nearing a very embarrassing publicity, I am kind of more worried by the fact that other people finding out about this would validate the fact that I really did it. I felt at first that it could just be a dream that I created. A dream of a life that I want to have, something that I have tried to put into actuality but with much pretense and deception. Now it will pretty much turn into a nightmare if worse comes to worst How can I deal with the truth behind the falsity I created when I would feel that God will be reprimanding me for it? I think that it would be less painful for me if people would judge me for what I have done rather that something telling to my face that I have violated so many aspects of the Bible in which I strongly believe in. On the other hand, how would this affect me if I were agnostic? Would I even care? Would I feel less guilty? I may feel terrible about how it would reflect me as a person and how other people would think of me. But that is just about it. If that is the case then I think I would be more vulnerable to doing it again, to new sets of people that will be introduced in my life. I guess, the baggage will indeed be less heavy but it would be very similar to needless shrubs that would be growing again and again if I don’t pull the roots out. I think the fact that I know I have failed God would make it a lot more difficult for me to once again do whatever sick things that I have done just to get ahead. As a strong believer I didn’t really think that this is just what I have been waiting for, just something that would rest each and every lie that I have told others right in front of me, just to get back to me with a dagger that is ready to stab me right in the heart. I know that it would be difficult to regain the trust of the people that I have so successfully fooled. But all I can actually do now is face it and start anew. I wouldn’t really have much of a choice because this is my life and thinking about â€Å"bright† ideas like leaving and starting a new life somewhere else with a new identity would just definitely make everything worse and is rather stupid by the way. I would just have to step into the limelight of shame and prove that I wouldn’t want to be in this kind of situation ever again. I wouldn’t promise or say anything but I would try my hardest and hope that everything would just go away. Even if it would take a lot of time to go back to how I was, I am willing to wait. I would move on, live life the way I should, prepare myself for all the consequences but I assure that these consequences will be accepted but it would never ever defeat me.

The Changing of Times, the Changes of Roles :: Essays Papers

The Changing of Times, the Changes of Roles After braving the hard travels and experiencing even worse, almost unbearable, living conditions of the pioneer life, the Jewish women gained a sense of a new freedom and a new reality that was only offered in the harsh, wild desert of the Southern Arizona territory. During these times of pioneers, many great histories and legacies of the small, scattered Jewish communities were established. Although these groups were small in numbers, there was a very large and dynamic impact. For example, of the Goldwaters of Phoenix, one of the more better known descendants, the late Senator Barry Goldwater impacted the federal as well as the state governments in politics until his death. Or the Capins, whose mercantile enterprise produced various large business chains throughout Arizona.(1) Or perhaps, the Bloom family, whose Bloom and Sons stores provided for the Tucson community for over eighty years!(2) The Jewish women of such families, although many unnamed and unrecognized for their work, have also help shape the fledgling Southern Arizona territory. These women broke the traditional guidelines of how to behave and how to live, which would have normally kept them in the home. â€Å"The escape from the ‘kosher beds’, from early marriage, the rituals accompanying menstrual purity, the continual burden of childbirth, was particularly dramatic in the case of the women revolutionaries...(3)† These Jewish women became, in a sense, revolutionaries; their generation produced radical changes in what a women's roles should be. Their source of strength can almost be credited to the Southern Arizona environment of those changing times, where etiquette and grace were not necessary nor needed in an area where rogues, flash floods, and the heat existed. Some Jewish women began to drop their traditional roles as mothers and wives to become doctors, nurses, teachers, even lawyers and active members in the community to better help the growing communities. In this paper, I plan to introduce my theory that the changes that led to the trailblazing of America also led to the trailblazing of the Jewish women, and I am using specific examples of local Jewish women of Tucson and Nogales, Arizona to show that the destruction and reconstruction of the ideal Jewish woman occurred during this dramatic time of mass migration, pioneerism and growth of America herself. The new times called for changes, and these changes were evident in the Jewish women's increasing involvement in their communities.

Philosophy of Teaching Essay

I consider my ultimate strength that I bring to the classroom is the desire and eagerness that I have for teaching children. A dynamic part of being a teacher is to motivate the students to know that the skills and information they are learning is worth learning and are valuable lessons to be used in the future. If I can convince the children that the material is enjoyable, powerful, and beneficial then they will want to make the effort to learn. I make it a significance priority to convey drive and enthusiasm to the classroom. It is difficult to learn if you are uninterested and almost not difficult to learn if the learning method is enjoyable and appealing. Additionally it is imperative for the students to appreciate why they are learning and what the importance of learning is. My objectives for teaching in the classroom are limited but crucial ones. I want my students to learn the materials taught in an extensive, everlasting way. I want them to apply the thoughts of these ideas t o all subject material taught. I will use the means that I have learned and continue to learn to get the maximum learning potential of my students as a whole. Secondly, I inspire to transform lives so that they determine life paths that have not ever been reflected on before. Reassurance is important and I aim to be their biggest fan. Thirdly, I want to reinvent the practice of teaching. Often teaching is regarded as an art, an uqualifiable expertise, to be practiced and understood by each new generation of teachers. By familiarizing new concepts and practices the doors are exposed to tangible advancement to permit us to learn new and more effective ways of using classroom time, so that the succeeding generation of teachers can be sincerely better and more effective in teaching then even we are today in the world of modernisms and increased use of technology. I don’t always know the greatest ways to teach but I am willing to try different approaches until I reach a place where I know what I am doing will effect upcoming generations of students and educators. Lastly, and most selfishly I want to have an exciting journey and make the classroom a fun and exciting place to learn. I delight in the opportunity of getting to know my students and their families and develop strong lasting relationships that can be seen years down the road. There are great joys of becoming a teacher and knowing that you impact lives each and every day. Our students learn when they are energetically figuring things out, trying to teach themselves, not inactively wandering through busy work and handouts, expecting to be taught. I design my lesson plans and classroom material not around what I do but what the students will do. I let them take command of their own education and to teach them as much as imaginable about the realm around us.

Quartz Triboluminescence

Many minerals and chemical compound display triboluminescence, which is light produced when chemical bonds are broken. Two minerals that exhibit triboluminescence are diamond and quartz. The procedure to produce the light is so simple, you should try it right now! Feel free to use diamonds, but be aware the light is produced when the crystal lattice is damaged. Quartz, on the other hand, is the most abundant mineral in the Earths crust, so you should probably start with that. Quartz Triboluminescence Materials You need any form of quartz, which is crystalline silicon dioxide (SiO2). You dont have to sacrifice perfect quartz crystal points for this project! Most gravel contains quartz. Play sand is mostly quartz. Go outside and find two semitranslucent rocks. Chances are good they are quartz. How to See the Light First, make sure the quartz is dry. The phenomenon occurs when the crystal lattice is torn apart by friction or compression. Wet quartz is slippery, so its presence will compromise your efforts.Gather your materials in a darkened location. It doesnt need to be pitch black, but light levels need to be low. Give your eyes a couple of minutes to adjust to make it easier to see the flashes of light.Method 1: Firmly rub together two pieces of quartz. See the flashes of light?Method 2: Strike one piece of quartz with another. Now, you may also get actual sparks using this method, plus you may chip off splinters of rock. Use eye protection if you go this route.Method 3: Walkthrough dry sand. This works well at a beach or in a sandbox, but the sand must be dry or else the water will cushion the crystals.Method 4: Crush a piece of quartz using pliers or a vise. This method is especially nice if you want to take a video of your project.Method 5: Do what the Uncompahgre  Ute did and fill a tr anslucent rattle with bits of quartz. Shake the rattle to see the glow. The native tribes used rattles made of rawhide, but a plastic bottle works fine, too. How Quartz Triboluminescence Works Triboluminescence sometimes is called cold light because no heat is produced. Material scientists believe the light results from a recombination of electrical charges that become separated when crystals are fractured. When the charges get back together, the air is ionized, producing a flash of light. Usually, materials that display triboluminescence are displayed an asymmetrical structure and are poor conductors. This is not a hard-and-fast rule, however, since other substances display the effect. Its not restricted to inorganic materials, either, since triboluminescence has been observed between vertebral joints, during blood circulation, and even during sexual intercourse. If its true the light results from ionization of air, you might expect all forms of triboluminescence in the air to produce the same color of light. However, many materials contain fluorescent substances that release photons when excited by the energy from triboluminescence. Thus, you can find examples of triboluminescence in just about any color. More Ways to See Triboluminescence Rubbing together diamonds or quartz is not the only easy way to observe triboluminescence. You can view the phenomenon by pulling apart two pieces of duck tape, by crushing wintergreen candies, or by pulling the Scotch tape from its roll (which also produces x-rays). The triboluminescence from the tape and the candies is a blue light, while the light from fracturing quartz is a yellow-orange. Reference Orel, V.E. (1989), Triboluminescence as a biological phenomenon and methods for its investigation, Book: Proceedings of the First International School Biological Luminescence: 131–147.

The Effects Of Media On Gay Male Body Image - 1209 Words

7) Lanzieri, N., Hildebrandt, T., (2015). Using Objectification Theory to Examine the Effects of Media on Gay Male Body Image. Clinical Social Work Journal, 44(1), 105-113. The existing studies have indicated the gay male adults are more likely to develop body image dissatisfaction than other male populations due to variety of social and culture elements—particularly in media. Lanzieri and Hildebrand argued that gay media sources had produced the ideal male physique that negatively impact on its audiences. They had conducted a research to study the impact between media imageries and its audience’s perceptional change in body image by utilizing objectification theory. The result suggested that the media imageries were internalized by gay men which negatively affect their body image. 8) Rutledge, S. E., Siebert, D. C., Chonody, J., Killian, M. (2011). Information about human sexuality: sources, satisfaction, and perceived knowledge among college students. Sex Education, 11(4), 471-487. The article states that college student receive limited education about sex. Rutledge, Siebert, Chonody, and Killian conducted a research at a major university to examine: how college students learned about sex, satisfaction with the way they learned about sex, and self-perceived levels of knowledge about sexuality before and after completing a course on human sexuality. As results, they discovered college students gain their knowledge of sex through peers and media. However, collegeShow MoreRelatedThe Impact Of Media On Body Dysmorphic Disorder Essay1733 Words   |  7 Pagesinvolve lots of touch ups on the model, making what the world sees, a fake reality of what human body look like. For some of the North American population, these advertisements do not affect them; they will look at the body of the model and not think much of it. But for those who suffer from Body Dysmorphic Disorder, this will affect them in a completely different way. Body Dysmorphic Disorder is â€Å"a body image disorder characterized by persistent and intrusive preoccupations with an imagined or slightRead MoreThe Media And Its Portrayal Of Athletes1573 Words   |  7 Pagesdiscussion in the media and its portrayal of athletes. Athletes have a unique ability to deliver their thoughts and information to the masses through the media outlets given to them in regard to their social status. Once the media has heard what the athletes have to say it can be at the media’s hand for interpretation. In this specific study 92 undergraduates were given a fake newspaper that covered an Olympian with the main focus being on attractiveness. The study covered male and female athletesRead MoreSexual Roles And Gender Roles952 Words   |  4 PagesSexual scripts is defined as culturally approved set of expectations as to how one should behave sexually as male or female and as heterosexual, gay, or lesbian. The traditional male sexual scripts are that men are the initiators of sexual encounters. Men are expected to be assertive, confident, and knowledgeable about sexual matters. Men are supposed to know how to please their partners and persuade their partners to share sexual intimacy. On the other hand, the sexual scripts of women are veryRead MoreThe Effects Of Beauty Standards On Body Image1090 Words   |  5 PagesThe Effects of Beauty Standards Understanding the effects of beauty standards to both men and women requires research of both sexes and different orientations in regard to the influence the media has on them. While cultural standards contribute to beauty standards, media carries most of the responsibility for swaying public opinion of attractiveness. In order to find an answer as to why certain beauty standards currently exist, one must examine the root cause: media. 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Submitted by: Pallavi Muraleedharan Enrollment Number: M2015HE018 Master of Health Administration (2015-17) Tata Institute of Social Sciences, Mumbai Date: 16/08/2016 INTRODUCTION Eating disorders, body image and gender remain as a very complex interlinked web. Eating disorders affectRead MoreEssay Just A little Gay1629 Words   |  7 Pagesthese media images, mainstream audiences come to view non-heterosexual identities through the narrow stereotype of the non-heterosexual individual as â€Å"white, well-muscled, handsome, well-educated, and white collar†, and â€Å"heterosexualized† enough to identify with, while simultaneously â€Å"othering† ethnic and racial diversity within this media discourse. I will focus my paper on this theory, in an attempt to undercut the commonly held view that including non-heterosexual identities in mass media advertisingRead MoreFeminism : A Negative Effect On Society1608 Words   |  7 Pagesthe fact that they’re women. Feminism has had a profound negative effect in the past and is still having a negative effect in the high profile of modern society. Feminism is still as relevant today as it was when women were fighting for their right to vote. In modern society, women and men aren’t thought of equals, when compared to the strong, dominant male. Females are often thought of as inferior and not as nearly important as males are. Women seek equality and the opportunities and advantages thatRead MoreMy New Look: Societys Obsession with Appearances728 Words   |  3 Pagesself-image of both men and women have become more dominantly important to society then the inner beauty of things. This is because as humans we see life as a competition to do better then another. Especially the males they seem to need the dominance over one another so they show it by looking better than the others. Advertisements commonly-use men that are young, fit, and have a great tan. The male consumers that see these ads and pictures will feel bad about their own appearance and self-image becauseRead MoreEating Disorders And Body Image Issues2801 Words   |  12 PagesIntroduction Eating disorders (ED) and body image issues are increasingly becoming more and more common among women in Western societies (Stice, 2002). Over the past couple years the prevalence of bulimia nervosa (BN) and has steadily increased, 3 out of 100 women that are now diagnosed with the disorder (Botta, 1999; Hesse-Biber et. al, 2006). This brings into question wether it is in fact BN that is increasing, our awareness or the rising numbers of other comorbid disorders in Western societies

Christianity s Use Of Islamic Silk - 936 Words

When speaking about cultural exchange, there is always a coexistence of an official cultural attitude and the kind of contact that grows from more habitual social interaction. The process of cultural exchange is similar between the silk used to wrap St. Lazarus and earlier pagan imagery. Early Christians were able to draw from a rich artistic environment when they set out to depict their stories and beliefs in decorative contexts. This often led to the cultural adoption or assimilation of pagan artistic styles and images into art. The artisans who created Christian images did so by using the examples of art and decoration that shaped their artistic landscape. Even though the belief systems were different from pagan religions many of the images generated were quite similar to those that adorned the walls and floors of buildings belonging to their pagan neighbors. The same is true of Christianity s use of Islamic silk. The early images of Christ portray a young beardless man who bears a strong resemblance to the god Apollo of the Greco-Roman world. This isn’t to say that Christians confused the two, but rather that they chose an image of a pre-established deity with noble associations to portray their idea of the sacred. Helios the Greek god of the sun is another ancient pagan figure whose image is used through monotheistic art; both Christians and Jews used the image of the Greek god of the sun in religious contexts. The Greek deity was most commonly depicted in aShow MoreRelatedAncient Islamic Worlds And The Medieval Period1434 Words   |  6 Pagesdone some kind of trading in their history. This trading could be man-made, food, spices, or even more idea ridden things like ideology, movements, and idealism s. Although the trading of the man made things are easier than the idealism that are trades, those idealism still can and has effected a lot of civilizations. In Ancient Islamic worlds, the Byzantium Empire, and even during the medieval timer period t hey all have social and physical interactions with each other. Weather those changes endedRead MoreAfrican Civilizations And The Spread Of Islam1745 Words   |  7 PagesEast Africa The Coastal Trading Ports The Mixture of Cultures Peoples of the Forest and Plains: Artists and Kings; Yoruba and Benin Central African Kingdoms The Kingdoms of Kongo and Mwene Mutapa †¢ 800-1500 C.E. Byzantium and Islamic contact outside of Africa increased with assistance from changes in social, religious and technology †¢ Islam spreads to India reveals religious, commercial and military attributes †¢ Muslim Africa linked to Islamization through politics, trade andRead MoreThe Movement Of The Indian Ocean1517 Words   |  7 Pagesworld. The first millennium was a time where, the Mediterranean was influenced deeply influenced by the Phoenician culture, they developed their own language that helped to expand trade through the communication of different civilizations with use of the Phoenician alphabet. This landmass slowly integrated more so than ever with the spread of language helping with making civilizations one network. In the sixth century, the Persian empire made the Mediterranean and Indian intertwined, when theRead MoreEssay on Change Analysis Chart Postclassical (600-1450 C.E.)8730 Words   |  35 PagesPax  Mongolica? | * Trade was very international. * Silk roads linked Eurasia, and goods traded hands many times along the roads. | * There was still international trade. * The silk roads were still in use as major trade routes. | * New trade routes were made, such as the Indian Ocean routes, and old routes were expanded upon, like the silk roads. * Trade routes became more safe under the pax romana. | * Trade was still very global. * The Silk roads bcame even more developed and the IndianRead MoreWorld Civ Quiz3656 Words   |  15 PagesThe desire to spread Christianity 3. The first European nation to dominate trade with Asia was A. EnglandB. Spain C. Portugal D. France 4. The Portuguese viewed the Atlantic Ocean islands as the perfect location for the cultivation of A. Cotton B. Sugarcane C. 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The period of Mongol rule has been called Pax Mongolica meaning Mongol Peace and is used to describeRead MoreThe Theory Of Convivencia Between Christians And Muslims1912 Words   |  8 Pagesrules such as granting non-Muslims with the status of dhimmi, essentially making them second-class citizens which by today’s standards would undoubtedly lead to the theory of convivencia being somewhat unpersuasive. However, relative to this era, Islamic Iberia was the apex of religious tolerance, immensely surpassing the level of tolerance in surrounding n ations and empires. Montgomery Watt goes as far to say that under Muslim rule, Jews and Christians were considered as â€Å"People of the Book† who

Impaired Asset Free Essays

IMPAIRMENT OF ASSETS The following information relates to Q1 Q2.Information about three assets are given below in the table:Aldo Balbo Casco Value in Use $150,000 $195,000 $105,000Carrying Amount $90,000 $140,000 $112,000Net Realizable Value $115,000 $136,000 $85,000 Q1. What are the recoverable amounts of each asset? (MCQ)Aldo ($115,000), Balbo ($136,000), Casco ($105,000)Aldo ($150,000), Balbo ($136,000), Casco ($105,000)Aldo ($150,000), Balbo ($195,000), Casco ($105,000)Aldo ($115,000), Balbo ($195,000), Casco ($85,000)(2 marks) Q2. We will write a custom essay sample on Impaired Asset or any similar topic only for you Order Now What are the impairment losses on each asset? (MCQ)Aldo ($0), Balbo ($0), Casco ($0)Aldo ($0), Balbo ($55,000), Casco ($20,000)Aldo ($25,000), Balbo ($4,000), Casco ($7,000)Aldo ($0), Balbo ($0), Casco ($7,000)(2 marks) Q3. A cash-generating unit has the following assets:Building $600,000Plant Machinery $100,000Goodwill $80,000Inventory $50,000Total $830,000One of the machines valued at $60,000 has been damaged will be scrapped. The total recoverable amount estimated from the cash-generating unit is $470,000. What is the recoverable amount of the current assets after the impairment loss? (MCQ)$21,800$28,000$33,500$50,000 (2 marks) Q4. Which of the following correctly defines the recoverable amount of an asset? (MCQ)Current market value of the asset less cost of disposalHigher of fair value less cost of disposal value in useHigher of carrying amount fair valueLower of fair value less cost of disposal value in use (2 marks) Q5. An asset has a carrying amount of $55,000 at the year-end 31st March 2002. Its market value is $47,000 having a disposal cost of $3,500. A new asset will cost $85,000. The company expects that the asset will generate $19,000/per annum of cash flows for the next three years. The cost of capital is 8%. What is the impairment loss to be recognized for the year end 31st March 2002? (FIB)3613151270000$ (2 marks) Q6. Which of the following are internal indications of impairment? (MRQ) A fall in the market value of a machine due to inflationThe management realized that an asset is unable to produce up to its full capacityA report prepared by the warehouse manager than one of the lifter cars has crashed into a wallThe development of intention of management to sell the asset during the next 3 months (2 marks) Q7. Moby had purchased an asset on 1st September 2009 at a cost of $500,000 with the useful life of ten years with no cash inflow at the time of disposal. The asset has been depreciated until 31st October 2014. At that date, an accident occurred which resulted in the damage of the asset an impairment test was taken by Moby. On 31st October 2014, the fair value of the asset was $160,000 with $10,000 cost of disposal. The expected future cash flows were $13,000/annum for the next five years. The cost of capital is at 10% with five-year annuity factor of 3.79. Calculate the impairment on 31st October 2014? (MCQ)$0$100,000$150,970$200,730 (2 marks) Q8. A cash-generating unit has the following assets:Property Plant $400,000Machinery $90,000Goodwill $75,000License $5,000Net Assets (realizable value) $30,000Total $600,000The company had breached a government legislation which results in its cash-generating unit value to fall by $200,000. What will be the value of Property Plant after the impairment? (MCQ)$101,010$126,316$266,667$298,990 (2 marks) Q9. Which of the following is not an indicator of impairment? (MCQ)The NRV of inventory has reduced due to damages but carrying amount is still lowered it’s than NRV Technological advancement has boomed in a country resulting old machinery becoming obsoleteCost of capital of a company has increased due to increase in market ratesThe carrying amount of an asset is higher of the recoverable amount of an asset (2 marks) Q10. A company purchased an asset on 1st January 2000 costing $2.1 million and its life was 10 years. On 31st December 2001, the fair value of the assets was $1.9 million. On 31st December 2002, the recoverable amount of the asset was $0.7 million. Calculate the impairment loss to be recorded in Profit ; Loss account on 31st December 2002? (FIB)3613151270000$ (2 marks) Q11. A cash-generating unit has the following assets:Building $409,050Plant ; Machinery $311,000Goodwill $30,500Inventory $156,000Total $906,550One of the plants valued at $91,000 was destroyed ; will be scrapped. The total recoverable amount estimated from the cash-generating unit is $760,050. What is the recoverable amount of the Plant ; Machinery after the impairment loss? (FIB)3613151270000$ (2 marks) Q12. Meagan had purchased an asset on 1st September 2015 at a cost of $300,000 with the useful life of six years with no residual value. The asset has been depreciated until 31st October 2020. At that date, the asset was damaged ; an impairment test was taken by Moby. On 31st October 2020, the fair value of the asset was $60,000 with a $3,000 cost of disposal. The expected future cash flows were $16,000/annum for the next five years. The cost of capital is at 13% with five-year annuity factor of 3.52. Calculate the impairment on 31st October 2020? (MCQ)$0$680$6,320$7,000(2 marks) Q13. A delivery van has a carrying amount of $39,000 at the year-end 31st March 2016. Its market value is $33,800 having a disposal cost of $1,250. A new delivery van will cost $46,500. The company expects that the van can generate $9,300/per year of cash flows for the next four years. The cost of capital is 5%. What is the impairment loss to be recognized for the year end 31st March 2016? (MCQ)$1,250$5,200$6,022$6,450(2 marks) Q14. ZZZ Co purchased a non-current asset on 1st January 2012 costing $3.75 million and its life was eight years. On 31st December 2013, the fair value of the non-current asset was $2.95 million. On 31st December 2014, the recoverable amount of the asset was $1.25 million. Calculate the impairment loss to be recorded in Profit ; Loss account on 31st December 2014 nearest to $000? (FIB)3613151270000$ 000 (2 marks) IMPAIRMENT OF ASSETS (ANSWERS) Q1. CRecoverable amount is the higher of the Value in Use or the Net Realizable Value. Q2. DImpairment loss = Carrying amount – Recoverable amount = Positive (+) Aldo = $90,000 – $150,000 = (-$60,000) No ImpairmentBalbo = $140,000 – $195,000 = (-$55,000) No ImpairmentCasco = $112,000 – $105,000 = $7,000 Impairment Q3. DAssets which have their own impairment criteria do not fall under the scope of IAS 32 -Impairment of asset. Inventory is impaired under IAS 2 – Inventory where it is calculated by choosing lower of Cost or Net Realizable Value. Q4. B Q5. $6,037Value in UseCash Flow Discount Factor 8% Present Value19,000 0.926 $17,59419,000 0.857 $16,28319,000 0.794 $15,086Total PV $48,963Fair Value less Cost to sell = $47,000 – $3,500 = $43,500Higher of = $48,963Impairment Loss = $55,000 – $48,963 = $6,037 Q6.A fall in the market value of a machine due to inflation (External indication)The management realized that an asset is unable to produce up to its full capacity (Internal indication)A report prepared by the warehouse manager than one of the lifter cars has crashed into a wall (Internal indication)The development of intention of management to sell the asset during the next 3 months (Internal indication) Q7. BCarrying Amount = (500,000 Ãâ€" 5/10) = 250,000Fair value less cost to sell = (160,000 – 10,000) = 150,000Value in use = (13,000 Ãâ€" 3.79) = 49,270Recoverable amount $150,000, Impairment = 250,000 – 150,000 = $100,000 Q8. DThe total impairment of CGU is $200,000The goodwill is impaired by $75,000 leaving $125,000 of impairment to be allocated to other assets.Total of assets to be impaired is $495,000 (400 + 90 +5)Impairment = (400,000 à · 495,000) Ãâ€" 125,000 = 101,010Fair Value after impairment = 400,000 – 101,010 = $298,990 Q9. AThe NRV of the inventory is still greater than its carrying amount so no impairment has arisen Q10. $742,500Calculation done in $000Cost = 2,100Depreciation = (2,100 Ãâ€" 2/10) = 420Carrying amount (After 2 years) = 2,100 – 420 = 1,680Revaluation of asset = 1,680 1,900 = 220 in Revaluation ReserveNew Cost = 1,900Depreciation = (1,900 Ãâ€" 1/8) = 237.5Carrying amount (After 1 year) = 1,900 – 237.5 = 1,662.5Impairment loss = 1,662.5 – 700 = 962.5Reversal of Revaluation Reserve = $220Excess recorded in Profit ; Loss account = 962.5 – 220 = $742,500 Q11. $211,257The total impairment of CGU is $146,500The goodwill is impaired by $30,500 leaving $116,000 of impairment to be allocated to other assets. The plant is impaired by $91,000 leaving $25,000 of impairmentTotal of assets to be impaired is $629,050 (409,050 + 311,000 – 91,000)Impairment = (220,000 à · 629,050) Ãâ€" 25,000 = 8,743Fair Value after impairment = 220,000 – 8,743 = $211,257 Q12. ACarrying Amount = (300,000 Ãâ€" 1/6) = 50,000Fair value less cost to sell = (60,000 – 3,000) = 57,000Value in use = (16,000 Ãâ€" 3.52) = 56,320Recoverable amount $57,000, Impairment = 50,000 – 57,000 = $0 Q13. CValue in UseCash Flow Annuity Factor 5% (1-4) Present Value9,300 3.546 $32,978Total PV $32,978Fair Value less Cost to sell = $33,800 – $1,250 = $32,550Higher of = $32,978Impairment Loss = $39,000 – $32,978 = $6,022 Q14. $1,071,000Calculation done in $000Cost = 3,750Depreciation = (3,750 Ãâ€" 2/8) = 937.5Carrying amount (After 2 years) = 3,750 – 937.5 = 2,812.5Revaluation of asset = 2,812.5 2,950 = 137.5 in Revaluation ReserveNew Cost = 2,950Depreciation = (2,950 Ãâ€" 1/6) = 491.67Carrying amount (After 1 year) = 2,950 – 491.67 = 2,458.33Impairment loss = 2,458.33 – 1,250 = 1,208.33Reversal of Revaluation Reserve = $137.5Excess recorded in Profit ; Loss account = 1,208.33 – 137.5 = $1,070,830Nearest to $000 = $1,071,000 How to cite Impaired Asset, Papers