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IAS 23

This topic has 2 replies, 2 voices, and was last updated 7 years ago by abdulbasit16.

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August 20, 2017 at 2:35 pm #402635
abdulbasit16
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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?
August 20, 2017 at 5:48 pm #402691
P2-D2
Keymaster
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Hi,
What else does it say in the paragraph?
Thanks
August 20, 2017 at 5:50 pm #402692
abdulbasit16
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It’s actually mentioned in BPP textbook as such with the quote of the paragraph no. in the IAS 23
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