Examlex
According to AASB 136 Impairment of Assets,the recoverable amount test requires an entity to compare the fair value an asset less costs to sell,with:
Rationality
The quality of being based on or in accordance with reason or logic, often referring to decision-making processes that are logically sound.
Nonhuman Technologies
Refers to technologies that do not require human operation or intervention, often emphasizing autonomous or AI-driven devices.
Modern Process
Refers to the phenomena of modernization, including industrialization, urbanization, and the spread of technological, economic, and cultural practices that transform societies.
Formal Rationality
A mode of thought and action that prioritizes efficiency, calculability, predictability, and standardization, often associated with modern bureaucracy and capitalist societies.
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