Which of the following is required to be disclosed for each class of assets? I the amount of impairment losses recognised in profit or loss during the period.
II the amount of reversals of impairment losses recognised in profit or loss during the period.
III the amount of impairment losses on revalued assets recognised in other comprehensive income during the period.
IV the amount of reversals of impairment losses on revalued assets recognised directly in other comprehensive income during the period.

Question

Quizplus · Accepted Answer

All the listed disclosures are required for each class of assets, including impairment losses and reversals recognized in both profit or loss and other comprehensive income.

Which of the Following Is Required to Be Disclosed for Each