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IAS 36 – Indications that an impairment has reversed?

This topic has 1 reply, 2 voices, and was last updated 15 years ago by MikeLittle.

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November 16, 2010 at 3:59 am #46014
huuloc
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Hi Mike,
May I be right if actual events or circumstances are better that predictions, impairment should be reversed? Please advise me. Many thanks.
BRs – DHL
November 18, 2010 at 7:04 pm #70745
MikeLittle
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That sounds to be correct – it would be a revision to an accounting estimate. I have no experience of this point in practice, so I’m not going to say “Oh, absolutely correct, yes”, but it sounds to be a sensible rationalisation
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