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IAS 39 states that if the impairment loss decreases at a later date,the reversal is recognised in profit or loss and the carrying amount of the asset must not exceed the original amortised cost.
What is the the original amortised cost ? Is it the amortised cost before impairment or the amortised cost which it should be on reversal date as if there were no impairment loss?Thank you very much
have u got ur answer. if so i will like u to present to me an example of a question of that nature and an answer on it
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