Which of the Following Identifies an Impairment of an Asset $\quad$

question 12

Short Answer

Which of the following identifies an impairment of an asset and describes the appropriate accounting treatment using the cost model as per AASB 136 Impairment of Assets? $\quad$ Impairment identified when: $\quad$$\quad$$\quad$$\quad$ Appropriate accounting treatment
a.Carrying amount of an asset is less $\quad$$\quad$ Asset is written up to its recoverable amount
$\quad$ than its recoverable amount
b.Carrying amount of an asset is less $\quad$$\quad$ No change to the asset value
$\quad$ than its recoverable amount
c.Carrying amount of an asset is $\quad$ $\quad$$\quad$ Asset is written down to its recoverable
$\quad$ greater than itsrecoverable amount $\quad$$\quad$ amount
d.Caryying amount of an asset is $\quad$$\quad$$\quad$ No change to the asset value
$\quad$ oreater than its recoverable amount

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