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IAS 36: Impairment of Tangible Assets by Hameedullah is a document available to read on EtoBox.

What is IAS 36: Impairment of Tangible Assets about?

IAS 36 mandates that entities ensure assets are not valued above their recoverable amount, defined as the higher of fair value less costs of disposal and value in use. Entities must evaluate indicators of impairment at each reporting date, and if the carrying amount exceeds the recoverable amount, an impairment loss is recognized and adjustments are made. Reversals of impairment are allowed for changes in estimates, except for goodwill.

Author

Hameedullah

Language

EN