User Account

All Pages

Which statements about ias impairment of assets is incorrect

Assignment Help Accounting Basics
Reference no: EM132823422

Problem 1: Which of the following statements about IAS 36 Impairment of Assets is INCORRECT?

option 1: Recoverable amount is the higher of: - value in use - fair value less costs to sell
option 2: Impairment occurs when the carrying amount of an asset is less than its recoverable amount
option 3: Under certain circumstances, it is possible to revererse an impairment loss.
option 4: At each reporting date, an entity must assess whether or not there are any indications of impairment

Reference no: EM132823422

Questions Cloud

What is the depreciation charge to the statement of profit : What is the depreciation charge to the statement of profit or loss for the year ended 31 Dec 20X8? At 1 Jan 20X8 a company held non-current assets
Develop an evidence-based algorithm for four treatment stage : Develop an evidence-based algorithm for four treatment stages, tailored to this individual. The information must include interview questions needed to guide.
Document tax impact of these transaction on your net income : Document the tax impact of these transaction on your Net Income (Division B) and Taxable Income (Division C)
MGMT670 Strategic Management Capstone Assignment : MGMT670 Strategic Management Capstone Assignment Help and Solution, University of Maryland Global Campus - Assessment Writing Service
Which statements about ias impairment of assets is incorrect : Which statements about IAS 36 Impairment of Assets is INCORRECT? Recoverable amount is the higher of: - value in use - fair value less costs to sell
What is the definition of a value stream : Topic Controlling and Internal Accounting: What is the definition of a value stream? What is the definition of an account assignment of controlling object?
Should fcc sell the standard memory modules or the dram : DRAM module would be $26. Assume FCC uses the physical measure method. Should FCC sell the standard memory modules or the DRAM modules?
Explain the ways in which the findings might be used : In a 1,000-1,250 word essay, summarize two quantitative studies, explain the ways in which the findings might be used in nursing practice, and address ethical.
What is the present value of the installment : A television set is for sale at Php 13,499.00 in cash or on installment terms, What is the present value of the installment

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd