IFRS requires companies to disclose write-downs of inventory or of property, plant, and equipment if they are not presented on the income statement.

Question

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IFRS requires companies to disclose write-downs of inventory or property, plant, and equipment in the notes to the financial statements if they are not presented on the income statement, ensuring transparency and completeness of financial reporting.

IFRS Requires Companies to Disclose Write-Downs of Inventory or of Property