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Which of the Following Identifies an Impairment of an Asset \quad

Question 10

Short Answer

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? \quad Impairment identified when: \quad\quad\quad\quad Appropriate accounting treatment
a.Carrying amount of an asset is less \quad\quad Asset is written up to its recoverable amount
\quad than its recoverable amount
b.Carrying amount of an asset is less \quad\quad No change to the asset value
\quad than its recoverable amount
c.Carrying amount of an asset is \quad \quad\quad Asset is written down to its recoverable
\quad greater than itsrecoverable amount \quad\quad amount
d.Caryying amount of an asset is \quad\quad\quad No change to the asset value
\quad oreater than its recoverable amount

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