Under IAS 36/AASB 136 'Impairment of Assets' How Many of These

question 11

Multiple Choice

Under IAS 36/AASB 136 'Impairment of Assets' how many of these statements are true?
.When an asset's carrying amount is less than its recoverable amount the asset is said to suffer impairment
.Impairment losses are accounted for as a revaluation decrease if the revaluation model is used
.Impairment losses must be recognised as an expense in that period if the cost model is used

• A)0
• B)1
• C)2
• D)3

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Definitions:

Spiral Organ

A structure located in the cochlea of the inner ear, critical for converting sound vibrations into electrical signals.

Cilia

Microscopic, hair-like structures on the surface of cells that move in a wave-like pattern to transport materials or aid in movement.

Sound Waves

Vibrations that travel through a medium such as air, producing the sensation of sound.

Inner Ear

The innermost part of the ear, containing the cochlea, vestibule, and semicircular canals, responsible for hearing and balance.