Under AASB 116, the minimum factors that must be considered when deciding if an asset's recoverable amount must be reassessed are not the same for both impairment and reversal of a previously recognised impairment.

Name: Under AASB 116, the minimum factors that must be considered when deciding if an asset's recoverable amount must be reassessed are not the same for both impairment and reversal of a previously recognised impairment.
Brand: Quizplus
Rating: 4.7 (36 reviews)

Question

Quizplus · Accepted Answer

The Answer is True

Under AASB 116, the Minimum Factors That Must Be Considered