Sir I am not able to understand this point in IAS 23 para 16 "When the carrying amount of the asset falls below cost, it must be written down/off". What does this mean?
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IAS 23
9y ago#1Hi,
What else does it say in the paragraph?
Thanks
It's actually mentioned in BPP textbook as such with the quote of the paragraph no. in the IAS 23
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