Reval.v/s impairment
This query is : Resolved
20 August 2012
whats the differ b/w revaluation of asset and impairment of asset??in both cases v revaluing the assets........Pls. clarify with example
20 August 2012
Revaluation may be upward and downward, but impairment provision is aimed at loss to assets.
For upward valuation we consider revaluation under AS 10, not impairement.
For upward valuation we consider revaluation under AS 10, not impairement.
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