For Each Material Impairment Loss Recognised or Reversed During the Period

question 10

Multiple Choice

For each material impairment loss recognised or reversed during the period for an individual asset,or a cash- generating unit,AASB 136 requires which of the following items of information to be disclosed?

• A)the events and circumstances that led to the recognition or reversal of the impairment loss
• B)whether the recoverable amount of the asset or cash- generating unit is its fair value less costs to sell or its value in use
• C)the amount of the impairment loss recognised or reversed
• D)all of the above

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Definitions:

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