According to AASB 136 Impairment of Assets,which of the following indicators assist in providing external evidence that an impairment loss has reversed?
A)Market interest rates have increased during the period.
B)Significant changes with an adverse effect on the entity have taken place.
C)Market interest rates have decreased during the period.
D)Internal reporting sources indicate that the economic performance of the asset will not be as good as expected.

Question

Quizplus · Accepted Answer

A decrease in market interest rates during the period is an external indicator of an impairment loss reversal as it implies an increase in the recoverable amount of the asset. The other options (A, B, and D) are not relevant indicators of an impairment loss reversal.

According to AASB 136 Impairment of Assets,which of the Following