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Impairment ( for IAS 16/38/39)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › Impairment ( for IAS 16/38/39)

  • This topic has 1 reply, 2 voices, and was last updated 10 years ago by MikeLittle.
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  • May 25, 2015 at 4:17 pm #248866
    Prakriti
    Member
    • Topics: 2
    • Replies: 1
    • ☆

    Is impairment relevant only when the asset is valued at cost in the books? Otherwise if fair value is the measurement basis, then the changes in the value is accounted as profit/loss in the form of changes in fair value, right?

    Thanks : )

    May 25, 2015 at 4:24 pm #248872
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23317
    • ☆☆☆☆☆

    Correct

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