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IAS 36 Impairment

Forums › ACCA Forums › ACCA SBR Strategic Business Reporting Forums › IAS 36 Impairment

  • This topic has 1 reply, 2 voices, and was last updated 9 years ago by jordan224.
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  • November 14, 2015 at 9:25 pm #282421
    marlenag
    Member
    • Topics: 1
    • Replies: 0
    • ☆

    Have a problem with the rule on impairment reversal – as far as I know you shouldn’t revalue above the value of the asset that it would have if never impaired right? What about revaluing to higher RA? Question 44 e) from BPP exam kit – why do they revalue to 105, shouldn’t they only revalue to 84?
    Thanks for suggestions

    December 2, 2015 at 4:49 pm #287021
    jordan224
    Member
    • Topics: 1
    • Replies: 4
    • ☆

    hmm, under revaluation model, revaluing above the value of asset would be permissible right? as far as i know, we are not allowed to revalue above the value of the asset under cost model.

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