- 5 Marks
FR – Nov 2015 – L2 – Q4a – Impairment of Assets (IAS 36)
List external and internal factors an entity should consider to assess asset impairment.
Question
The purpose of IAS 36: Impairment of Assets is to provide entities with guidance to determine whether an asset is impaired and how the impairment should be recognized.
Required:
a. In assessing whether there is an indication that an asset may be impaired, what factors should an entity consider?
Find Related Questions by Tags, levels, etc.
- Tags: Assets, IAS 36, Impairment, Indicators
- Level: Level 2
- Topic: Impairment of Assets (IAS 36)
- Series: NOV 2015
