alleryStart learning →For a small and medium-sized company, value in use may be measured by:
AA reasonable estimate, no discounting
BReplacement cost of the asset
CNet selling price less income tax
DWritten down book value of asset
Answer & Solution
Correct answer: A. A reasonable estimate, no discounting
The proviso lets such a company use a reasonable estimate of value in use rather than the present value technique.
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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: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:A specific external event is one that is: