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Differences between depreciation expense and impairment loss

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Reference no: EM133178292

Question -

(a) With reference to IAS 16 (Property, Plant and Equipment), discuss the differences between "the cost model" and "the revaluation model" for the subsequent measurement of property, plant and equipment after its initial recognition.

(b) Explain the differences between depreciation expense and impairment loss of property, plant and equipment, discussing the depreciation methods and the indicators of impairment.

Reference no: EM133178292

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