Impairment Of Assets Flashcards
1
Q
What is the essential objective of IAS 36?
A
It is to ensure that assets are not carried at a figure greater than their recoverable amount
2
Q
What are non-current assets held for sale?
A
The carrying amount of the assets will be recovered through sale rather than continuing use in the business
3
Q
How should non-current assets held for sale be recognised?
A
It should be recognised as
