Examlex
CPT is the abbreviation for current procedure terms.
Impairment
Reduction in the recoverable value of an asset below its carrying amount.
Recoverable Amount
The higher value between an asset's fair market value less costs to sell and its value in use.
AASB 136
The Australian Accounting Standards Board standard that deals with impairment of assets, requiring assets to be carried at no more than their recoverable amount.
Value In Use
The present value of the future cash flows expected to be derived from an asset, used in impairment testing.
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