Question
In accordance with IAS36 Impairment of Assets which of the following statements are true? (i). If the fair value less costs to sell of an
In accordance with IAS36 Impairment of Assets which of the following statements are true? (i). If the fair value less costs to sell of an asset exceed the carrying amount there is no need to calculate a value in use. (ii). An impairment review does not have to be carried out annually on all intangible assets. (iii). Impairment is charged to the statement of profit or loss unless it reverses a gain that has been recognized in equity in which case it is offset against the revaluation reserve.
A (i) and (ii)(i) and (ii)
B (i) and (iii)(i) and (iii)
C (ii) and (iii)(ii) and (iii)
'D All of the above
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