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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › provision
there is a sentence in the book:
Gains from the expected disposal of assets should not be taken into account in measuring a provision.
how about loss? if we assume that we will sale our asset for 100 000 $ whose carried amount is 120 000, we make a provision for 20000 loss ?
No, you impair it!
By $20,000!
