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MFRS 136 Impairment of As e ts prescribes accounting and disclosure for impairment asets. The objective of MFRS 136 is mainly to ensure that asets

  1. MFRS 136 Impairment of Asets prescribes accounting and disclosure for impairment asets. The objective of MFRS 136 is mainly to ensure that asets are not carried in the lance sheet at amounts higher than their recoverable amounts.

Required:

  1. Explain FIVE (5) types of asets where MFRS 136 is not applicable.

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