Which of the following identifies an impairment of an asset and describes the appropriate accounting treatment using the cost model as per AASB 136 Impairment of Assets? Impairment identified when: Appropriate accounting treatment
a.Carrying amount of an asset is less Asset is written up to its recoverable amount
than its recoverable amount
b.Carrying amount of an asset is less No change to the asset value
than its recoverable amount
c.Carrying amount of an asset is Asset is written down to its recoverable
greater than itsrecoverable amount amount
d.Caryying amount of an asset is No change to the asset value
oreater than its recoverable amount
Correct Answer:
Verified
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