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IAS 38 INTANGIBLE ASSETS

This topic has 3 replies, 2 voices, and was last updated 9 years ago by MikeLittle.

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February 21, 2013 at 12:08 pm #118384
rania
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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.”
February 21, 2013 at 8:50 pm #118452
MikeLittle
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amortisation 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
February 22, 2013 at 12:49 am #118472
rania
- Topics: 23
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okay… 🙂
February 22, 2013 at 7:56 am #118485
MikeLittle
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- Topics: 26
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okay
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