Skip to content

Ask the Tutor ACCA FR

Allocation of Impairment Loss

LLam9y ago
Hi, Here's my question: What is the reason current assests in the CGU are not subject to impairment? Any simple example of with value can explain the principle(s) held behind?
MikeLittleMikeLittleTutor9y ago#1
Because current assets are always valued at the lower of cost and net realisable value and that, if you think about it, satisfies the requirement of recoverable amount OK?
Sign in to reply to this topic.