alleryStart learning →AS 28 disclosures of impairment losses are required for each:
AClass of assets held
BDirector of the enterprise
CQuarter of the year
DCustomer of the enterprise
Answer & Solution
Correct answer: A. Class of assets held
The financial statements show losses and reversals recognised in profit and loss and in revaluation surplus for each class of assets.
Keep practising AS 28 Impairment of Assets
Browse all AS 28 Impairment of Assets questions for CA Inter, or explore more Accounting topics.
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:A specific external event is one that is: