Impairment requirements of AASB 136 apply to non-current assets recognised using the revaluation model under AASB 116.
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Q5: Under AASB 116 the usual treatment for
Q6: Edwards Ltd has two pieces of
Q7: For a depreciable asset, when the cost
Q8: Beaver Ltd has an item of plant
Q9: Otter Ltd has an item of plant
Q11: The definition of contingent assets is narrower
Q12: It is stated in AASB 116 that
Q13: Edwards Ltd has two pieces of
Q14: Restating of assets to their fair value
Q15: Under certain circumstances, a choice exists between
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