Impairment
This query is : Resolved
20 March 2009
plz tell me difference about impairment and revaluation of asset in detail and with example. thanks in advance
22 March 2009
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.
Revaluation means adopting the market price for entire class of assets.
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