Impairment of Assets:
Fair Value < Carrying Amount
*If the CA is higher than recoverable amount - impairment loss
Measurement of RA
-FV less cost of disposal
-Value in use
-Future cash flow
Cash Generating Unit - smallest identifiable group of assets that generate cash inflow
CA - Value in use = Impairment Loss; if CA>VU
IL allocated:
First, to Goodwill
Then, to all noncash asset prorata
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Accounting
RandomThis book is filled with accounting lessons specially crafted for accounting students and aspiring accountants. Dive into the world of numbers and financial know-how as I guide you through essential concepts and practical insights. Whether you're ju...
