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CA Final Ind AS 36 — Impairment of Assets: Scope, Recoverable Amount, Indicators, Annual Review Triggers, CGU Concept — practice questions
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Practice CA Final Ind AS 36 — Impairment of Assets: Scope, Recoverable Amount, Indicators, Annual Review Triggers, CGU Concept in the app →Under Ind AS 36, an asset's 'recoverable amount' is the:Ind AS 36 requires ANNUAL impairment testing (regardless of indicators) for:Ind AS 36 does NOT apply to which of the following?A 'cash-generating unit' (CGU) under Ind AS 36 is defined as:Indications of impairment from EXTERNAL sources include all of the following EXCEPT:An indefinite-life intangible asset has been tested for impairment in Q1 of FY 20X1-22. The asset must next beInvestor recognises a dividend from a SUBSIDIARY in separate FS. This is an indicator of impairment of the invAn entity tests CGU X (which has allocated goodwill) AND individual assets within X for impairment in the SAMEAn entity acquired goodwill in a BC DURING the current annual period and the goodwill was allocated to CGU Y. When can an entity use a PRIOR period's recoverable amount calculation as a proxy for the current annual test An entity's market capitalisation has dropped below the carrying amount of its net assets. Under Ind AS 36:An asset's value-in-use discount rate is largely insensitive to short-term market rate increases (the asset haINTERNAL source indicators of impairment include all of the following EXCEPT:A corporate asset (e.g. HQ building) contributes to CGUs A, B and C. For Ind AS 36 testing of CGU A:An asset's CARRYING AMOUNT under Ind AS 36 is computed as: