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Essay about the nature of “Impairment loss” and required disclosures including referencing.
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Essay about the nature of “Impairment loss” and required disclosures including referencing.
View less »Impairment loss:
The flow of cash is normally derived based on usage of asset where the price of disposition will be on lower side. Because of impairment loss the carried amount related to assets will exceeds more than the amount to be recovered. It is important to recognize the loss due to impairment immediately which could be either profit or loss and asset which is valued earlier is revalued
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