Where the fair value less costs of disposal exceeds the carrying amount,it is necessary to calculate the value in use of the asset to determine whether it is impaired.

Name: Where the fair value less costs of disposal exceeds the carrying amount,it is necessary to calculate the value in use of the asset to determine whether it is impaired.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

If the fair value less costs of disposal exceeds the carrying amount, the asset is not impaired, and there is no need to calculate the value in use.

Where the Fair Value Less Costs of Disposal Exceeds the Carrying