Impairment losses on all investments are reversible under ASPE.

Name: Impairment losses on all investments are reversible under ASPE.
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Question

Quizplus · Accepted Answer

Under Accounting Standards for Private Enterprises (ASPE) in Canada, impairment losses on investments in equity instruments that are not quoted in an active market and on derivative assets that are linked to and must be settled by delivery of such unquoted equity instruments cannot be reversed.

Impairment Losses on All Investments Are Reversible Under ASPE