According to AASB 136,an Impairment Loss Is Recognised If

question 9

Multiple Choice

According to AASB 136,an impairment loss is recognised if:

• A)an asset's carrying amount equals its recoverable amount
• B)an asset's carrying amount exceeds its recoverable amount
• C)an asset's recoverable amount exceeds its carrying amount
• D)an asset's carrying amount exceeds its fair value

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Definitions:

Poka-yoke

A Japanese term for a mistake-proofing technique designed to avoid errors in the manufacturing process, enhancing quality control.

Pareto Analysis

A statistical technique in decision-making used for the selection of a limited number of tasks that produce significant overall effect. It is based on the principle that 80% of effects come from 20% of causes.

DMAIC

An acronym for Define, Measure, Analyze, Improve, and Control; a data-driven quality strategy used for improving, optimizing, and stabilizing business processes and designs.