alleryStart learning →If recoverable amount is value in use, a material loss disclosure includes:
AThe rate of income tax applied
BDiscount rate used in each estimate
CThe opening stock of the enterprise
DThe cost of capital of the auditor
Answer & Solution
Correct answer: B. Discount rate used in each estimate
Where value in use is the basis, the discount rate(s) of the current and any previous estimate must be stated.
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:A class of assets under AS 28 means a grouping of assets of:AS 28 disclosures of impairment losses are required for each:A specific external event is one that is: