Contact s Loa Ou UNSW Accounting (ACC12542/ACCT5942) ctice Assignment Gradebook ent FULL SCREEN PRINTER VERSION BACK Question 1 Which of the following is not correct in relation to the reversal of an impairment loss of an individual asset? 1f the ndividual asset is recorded under the cost model, then the increase n tearrying amort is in the carrying amount is recognised immediately in profit or loss where the recoverable amount is less than the carrying amount of an indi an individual asset, the reversal of a previous impairment loss requires adjusting the carrying amount of the asset to recoverable amount. recognised have been if there had been no impairment loss reversing an impairment loss, the carrying amount cannot be increased to an amount in excess of the carrying amount that wouild have been determined had no imouirmert inss been O For a depreciable asset there needs to be a calculation of carrying amount using the depreciation variables applied before the impairment loss to decermine what the carrying amount nould Question Attempts: 0 of 1 used SAVE FOR LATER ven 424.33 nmt21 38876RN10124 com/edugen/sheredjassignment/est/aglist.uniid ch5 doc ch6 doc ch (1).doe