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audreyP
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Joined: 23 Nov 2011
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Posted: 05 Apr 2012 at 20:30 \| IP Logged

msod1273 wrote:

Audrey P:

Thanks for the answer. I think it is very important to read what the
question is asking for. I was mixing the revaluation gains and losses
with impairment gains and losses.

If you are studying from the Becker can you point where is it
mentioned that impairment loss is calculated using cost method.

I am using Wiley only. Wiley explains it very well. Under IFRS, if cost
model is applied, the carry amount of asset is at originally cost less
accumulated depreciation and less accumulated impairment loss .

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msod1273
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Posted: 05 Apr 2012 at 21:08 \| IP Logged

Thanks again!

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