alex7881

04.03.2020 • 

Business

Under IFRS the test for asset impairment is to compare the carrying value of the asset to its recoverable amount. Which of the following is the recoverable amount according to IFRS?
A. The greater of future undiscounted cash flows or future discounted cash flows.
B. The greater of future discounted cash flows or fair value.
C. The greater of fair value less cost to sell or value in use.
D. The greater of fair value or value in use.

Ответ:

rainbowboi

20.01.2022

Business

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Option C. The greater of fair value less cost to sell or value in use.

Explanation:

The IAS 36 Impairment of Assets says that the impairment must be recognised if the recoverable amount is greater than the cost of the asset and also tells about what actually the recoverable amount actually is.

Recoverable Amount is greater of:

Fair Value less Cost to Sell

or

Value in use.

So the option C is the correct option.

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Ответ:

genesisdiaz2562

19.06.2022

Business

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An older person may have issues with cost availability and accessibility for many reasons, largely work-related. Such a person may have limited or no income, for instance. This would be especially true for an older person past retirement age. They would no longer be working and may have a low fixed income. Accessibility can also be an issue for those who no longer drive.

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