Which of the Following Is Required to Be Disclosed for Each

question 11

Multiple Choice

Which of the following is required to be disclosed for each class of assets?
I the amount of impairment losses recognised in profit or loss during the period
II the amount of reversals of impairment losses recognised in profit or loss during the period
III the amount of impairment losses on revalued assets recognised directly in equity during the period; and
IV the amount of reversals of impairment losses on revalued assets recognised directly in other comprehensive income during the period.

• A) III and IV only;
• B) I, II, III and IV;
• C) I, II and III only;
• D) I and II only.

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Definitions:

Torque Rods

Longitudinal rods in truck and bus suspension systems that help manage the alignment of the axle, prevent excessive movement, and assist in absorbing road shock.

Centerbolts

Fasteners used to secure leaf springs in a suspension system, aligning the springs with the axle.

Fiber-composite Leaf Springs

Vehicle suspension elements made from fiber-reinforced composite materials, offering durability and weight savings over metal springs.

Unsprung Weight

The weight of vehicle components not supported by the suspension system, including wheels, tires, and brake assemblies.