what is the difference between amortisation and impairment when they refer to an intangible asset as ," The intangible asset should be carried at cost less AMORTISATION and IMPAIRMENT LOSSES."
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IAS 38 INTANGIBLE ASSETS
13y ago#1amortisation writes an asset off over its estimated useful life
impairment is a one-off to reduce the value of an asset when it is discovered that the carrying value is in excess of its recoverable amount
...and this is a matter which could have bee discovered by you with a little bit of initiative! And by watching the videos for F3 and / or F7 on this site
okay... :)
13y ago#3okay
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