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IAS 36, Recoverable Amount.

This topic has 3 replies, 2 voices, and was last updated 4 years ago by Kim Smith.

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September 1, 2021 at 4:00 pm #633811
akka17bakka
Participant
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Hello Tutor,
Change in Recoverable Amount is a change in estimate. Is this statement correct?
Thank you.
September 1, 2021 at 5:58 pm #633824
Kim Smith
Keymaster
- Topics: 135
- Replies: 8351
Yes – which is why an impairment loss can be written back under IFRS.
September 1, 2021 at 8:38 pm #633877
akka17bakka
Participant
- Topics: 105
- Replies: 98
Thank you so very much.
September 2, 2021 at 8:03 am #633929
Kim Smith
Keymaster
- Topics: 135
- Replies: 8351
You’re welcome!
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