Impairment of inventory

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October 15, 2022 at 3:57 am #668662
phuongmore
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Dear Sir,

IAS36 applies to impairment of all assets other than inventories. I do not understand why the Q1 of Dec18 refer to the concept of impairment loss of inventory?

Thanks
October 15, 2022 at 4:10 am #668663
Stephen Widberg
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If inventory is written down to NRV, you could use the verb ‘impair’ if you want to. It doesn’t mean IAS 36. 🙂
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