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CA Final Ind AS 36 — Impairment of Revalued Assets, CGU Edge Cases, Disclosures, Post-Impairment Depreciation — practice questions
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Practice CA Final Ind AS 36 — Impairment of Revalued Assets, CGU Edge Cases, Disclosures, Post-Impairment Depreciation in the app →An asset's CA is ₹500 lakh; VIU ₹400 lakh; FVLCTS ₹375 lakh. The asset is NOT carried at a revalued amount. ImAfter recognising an impairment loss on a non-revalued asset (CA reduced from ₹27.30 lakh to ₹12 lakh), remainInd AS 36 disclosure: if any portion of GOODWILL acquired in a business combination during the period has not A revalued asset has accumulated revaluation surplus ₹14 lakh. Current impairment loss is ₹15.30 lakh. IdentifA publisher owns 150 magazine titles; cash flows from direct sales and advertising are identifiable per title;A bus company operates SEVEN routes under a municipal contract requiring minimum service on each; route-level Plant X sells intermediate product to Plant Y at TRANSFER PRICE that passes all margins to X; 60% of X's outpuAn entity tests goodwill annually. The most recent detailed RA calculation for a CGU exceeded its CA by a subsWhen an entity discloses a CGU to which significant goodwill is allocated and recoverable amount is based on VWhen projecting cash flows beyond the period covered by management's most recent budgets/forecasts, Ind AS 36 An entity uses a SENSITIVITY disclosure when a reasonably possible change in a key assumption WOULD cause the An entity's CGU recoverable amount is based on VIU. The discount rate disclosure required is:Multiple CGUs share the SAME key assumption (e.g. growth in a common end market) and the AGGREGATE goodwill + When an impairment loss is allocated within a CGU, the order of allocation under Ind AS 36 paragraph 104 is:When an impairment loss recognised in a prior period for a CGU is REVERSED:Identify the statement about CGU disclosure under Ind AS 36 that is INCORRECT.