alleryStart learning →Carrying Rs 5,00,000; NSP Rs 3,80,000; VIU Rs 4,20,000. Impairment loss?
ARs 1,20,000
BRs 80,000
CRs 40,000
DRs 2,00,000
Answer & Solution
Correct answer: B. Rs 80,000
Recoverable amount is the higher figure, 4,20,000, so the loss is 5,00,000 less 4,20,000, which is 80,000.
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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: