alleryStart learning →A reversal cannot lift an asset's carrying amount above:
AIts original recoverable amount
BAmount had no loss been recognised
CIts current net selling price
DIts current replacement cost
Answer & Solution
Correct answer: B. Amount had no loss been recognised
The cap is the depreciated carrying amount that would have been determined if the earlier loss had never been recognised.
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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: