AASB 116 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 AASB 116 includes both additions and disposals as well as depreciation, so option D is the correct answer. Impairment gains recognised in the statement of financial position are not included in the reconciliation for depreciable assets.

AASB 116 Requires Disclosure of a Reconciliation of the Carrying