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IAS 36 Impairment

This topic has 1 reply, 2 voices, and was last updated 7 years ago by jordan224.

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November 14, 2015 at 9:25 pm #282421
marlenag
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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
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- 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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