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Under AASB 136 Impairment of Assets, Impairment of an Asset \quad

Question 7

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Under AASB 136 Impairment of Assets, impairment of an asset, and the accounting treatment using the cost model, are as follows:
\quad\quad Impairment \quad\quad\quad\quad\quad\quad\quad\quad\quad\quad Accounting treatment
a. Carrying amount of an asset is less \quad\quad Asset is written up to its recoverable amount
than its recoverable amount
b. Carrying amount of an asset is less \quad\quad\quad\quad No change to the asset value
than its recoverable amount
c. Carrying amount of an asset is \quad\quad\quad\quad Asset is written down to its recoverable amount
greater than its recoverable amount
d. Carrying amount of an asset is \quad\quad\quad\quad No change to the asset value
greater than its recoverable amount

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