Which of the following is correct with respect to the "impairment loss under the revaluation model"?
A)All impairment losses flow through the income statement under ASPE.
B)All impairment losses flow through the income statement under IFRS.
C)All impairment losses flow through the revaluation surplus account under ASPE.
D)All impairment losses flow through the revaluation surplus account under IFRS.

Question

Quizplus · Accepted Answer

The Answer of Which of the following is correct with respect to the "impairment loss under the revaluation model"?
A)All impairment losses flow through the income statement under ASPE.
B)All impairment losses flow through the income statement under IFRS.
C)All impairment losses flow through the revaluation surplus account under ASPE.
D)All impairment losses flow through the revaluation surplus account under IFRS.

Which of the Following Is Correct with Respect to the "Impairment