alleryStart learning →The list of impairment indications in AS 28 is:
AExhaustive and no others may be used
BApplicable only to tangible assets
CNot exhaustive; other signs may count
DApplicable only to listed enterprises
Answer & Solution
Correct answer: C. Not exhaustive; other signs may count
The standard says the list is not exhaustive, so any other sign that an asset may be impaired also calls for a recoverable amount estimate.
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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: