How is the loss left after goodwill spread over other assets?
ANewest assets first
BEqually to each asset
CPro rata to carrying amounts
DHighest value asset first
Answer & Solution
Correct answer: C. Pro rata to carrying amounts
The residual loss is spread pro rata on the carrying amount of each asset in the unit.
Keep practising Ind AS 36 Impairment of Assets and Ind AS 38 Intangible Assets
Browse all Ind AS 36 Impairment of Assets and Ind AS 38 Intangible Assets questions for CA Final, or explore more Financialreporting topics.
Related questions
With no active market now, a revalued intangible is carried at what?Prior recoverable amount may be reused if the margin was what?Acquired intangibles that cannot be recognised separately go where?Costs of an entity's own website at the planning stage are treated how?The best estimate of a recognised website's useful life should be what?A website from development is recognised only if it meets what?To assess impairment of an intangible asset, which Ind AS is applied?How may a nominal-cost government grant intangible be measured?