- This topic has 3 replies, 2 voices, and was last updated 8 years ago by .
Viewing 4 posts - 1 through 4 (of 4 total)
Viewing 4 posts - 1 through 4 (of 4 total)
- You must be logged in to reply to this topic.
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › impairment
Hello June 2014 qsn 3 minco part d, there a gain restricted to offset the impairment but it looks like the after ofsetting the impairment was not recognised anywhere. Please help me understand this restriction condition
Hi,
I think that should answer your question, let me know if you’re still stuck.
Thanks
Thank you. But now for the case of that qsn above. Where does the balance of 100,000 go after impairment reversal.
Hi,
We cannot record any reversal above the historic cost of the asset, so the 100,000 wouldn’t appear in the financial statements.
Thanks