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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › revaluation loss and impairment loss under revaluation model
i just wanted to confirm that under revaluation model, is revaluation loss and impairment loss the same things. if any asset’s fair value is less than the carrying amount and also there are indications of the impairment then how can we record the both if they are two different things. kindly explain me with example if possible. i will be highly obliged.
I believe that we treat them as the same – surely a revaluation could be necessary BECAUSE of the impairment
