alleryStart learning →AS 28 requires an enterprise to look for impairment indications:
AOnly when the asset is acquired
BOnly when a loss is reported
CAt each balance sheet date
DOnce in every five years
Answer & Solution
Correct answer: C. At each balance sheet date
The standard requires an assessment at every balance sheet date of whether any indication of impairment exists.
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Related questions
An enterprise applying AS 17 discloses impairment losses by:A revalued asset's market value basis and negligible disposal costs mean the asset is:For a small and medium-sized company, value in use may be measured by:Impairment of deferred tax assets is dealt with under:Disclosing key assumptions is:If recoverable amount is value in use, a material loss disclosure includes:A class of assets under AS 28 means a grouping of assets of:AS 28 disclosures of impairment losses are required for each: