- This topic has 0 replies, 1 voice, and was last updated 12 years ago by .
Viewing 1 post (of 1 total)
Viewing 1 post (of 1 total)
- You must be logged in to reply to this topic.
Interactive BPP books for September 2026 exams, recommended by OpenTuition.
Get discount code >>
Forums › ACCA Forums › ACCA FR Financial Reporting Forums › What is impairment of assets? and its rational behind .
I would be grateful when receiving your sooner reply.
Impairment of an asset, is the recoverable amount compare with its carrying amount.
If the carrying amount is higher than the recoverable amount, then the asset is impaired.
What is the rational behind it, which that we should choose the higher amount between the recoverable amount and carrying amount ?
