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Recoverable amount

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Recoverable amount

  • This topic has 2 replies, 2 voices, and was last updated 3 years ago by mrudwang.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • February 6, 2022 at 6:33 pm #648216
    mrudwang
    Participant
    • Topics: 3
    • Replies: 2
    • ☆

    Dear sirs

    If the recoverable amount given is greater than the carrying value, I understand there will be no impairment loss; however, curious to know if it can be considered as a revaluation, thus creating a revaluation gain? Or are they two completely separate things?

    Your help is greatly appreciated.

    Many thanks
    Mrudwang Soni.

    February 9, 2022 at 8:56 pm #648392
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7171
    • ☆☆☆☆☆

    Hi Mrudwang,

    It could well be that the asset is not held under the revaluation model and so there would not be any potential to revalue the assets anyway as it is not our policy. It’s probably easiest to then think of them as two separate things and therefore there is no revaluation gain.

    Thanks

    February 12, 2022 at 12:59 am #648504
    mrudwang
    Participant
    • Topics: 3
    • Replies: 2
    • ☆

    Thank you Chris, much appreciated.

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