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Ind AS 36 does NOT apply to which of the following?
AInventories (Ind AS 2), DTAs (Ind AS 12), employee-benefit assets (Ind AS 19), biological assets at FV (Ind AS 41), held-for-sale (Ind AS 105), financial assets (Ind AS 109), contract assets (Ind AS 115)
BInvestment property under Ind AS 40 measured at cost
CIntangible assets under Ind AS 38
DProperty, plant and equipment under Ind AS 16
Answer & Solution
Correct answer: A. Inventories (Ind AS 2), DTAs (Ind AS 12), employee-benefit assets (Ind AS 19), biological assets at FV (Ind AS 41), held-for-sale (Ind AS 105), financial assets (Ind AS 109), contract assets (Ind AS 115)
These items have their own impairment/measurement regimes in their respective standards, so Ind AS 36 explicitly excludes them. PPE, investment property at cost and intangibles ARE covered by Ind AS 36.
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