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Mar 23, 2022 · The reversal of an impairment loss reflects an increase in the estimated service potential of an asset (either from use or from sale) since the date when an entity last recognised the impairment loss for the asset.
Sep 2, 2021 · Learn how to assess and account for impairment reversal under IAS 36. Find out the triggers, limits, examples and impact on useful life and residual value of assets or CGUs.
Apr 18, 2022 · Learn how to apply IAS 36 to recognise or reverse impairment losses for individual assets and cash-generating units. Find out the indicators, requirements and examples for reversing impairment losses and the impact on financial statements.
IAS 36 requires entities to carry assets at no more than their recoverable amount, which is the higher of fair value less costs of disposal and value in use. The reversal of an impairment loss results in an increase in the carrying amount of the asset.
Oct 3, 2022 · Learn how to account for the reversal of an impairment loss for an individual asset or a cash-generating unit under Philippine Accounting Standard (PAS) 36. The reversal is subject to a ceiling and is allocated to the assets pro rata.
DEFINITIONS. IDENTIFYING AN ASSET THAT MAY BE IMPAIRED. MEASURING RECOVERABLE AMOUNT. from paragraph. 6. 7. 18. Measuring the recoverable amount of an intangible asset with an indefinite useful life. Fair value less costs of disposal. Value in use. RECOGNISING AND MEASURING AN IMPAIRMENT LOSS. CASH-GENERATING UNITS AND GOODWILL.
May 6, 2022 · The reversal of an impairment loss reflects an increase in the estimated service potential of an asset (either from use or from sale) since the date when an entity last recognised the impairment loss for the asset.
