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Impairment

This topic has 1 reply, 2 voices, and was last updated 7 years ago by MikeLittle.

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May 10, 2018 at 4:05 pm #451064
xiiaolih
Member
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Hi, the investment property use fair value model will be it subjected to impairment testing?
May 10, 2018 at 5:32 pm #451081
MikeLittle
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Yes except … one of the rules of impairing assets is that we don’t reduce below recoverable amount. And if the asset is carried on the fair value model, it’s unlikely that any mid-year impairment is going to apply
OK?
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