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Impairment Vs Revaluation

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(Querist)
19 March 2009 What is the difference between impairment
and revaluation?
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CA LOKESH KASAT, FCA, M.Com

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CA LOKESH KASAT, FCA, M.Com (Expert)
19 March 2009 Dear joby,
An impairment loss is the amount by which the carrying amount of an asset exceeds its recoverable amount.
Revaluation means adopting the market price for entire class of assets.

and Impairment is done considering CGU

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