IASB 16 requires disclosure of a reconciliation of the carrying amount at the beginning and end of the period for depreciable assets.This reconciliation includes:

Question

Quizplus · Accepted Answer

The reconciliation required by IASB 16 includes additions and disposals (to show changes in the asset base), as well as depreciation (to show the impact on the carrying amount). Impairment gains are not included in this reconciliation, as they are recognized as gains in the income statement rather than affecting the carrying amount of the asset.

IASB 16 Requires Disclosure of a Reconciliation of the Carrying