Held for use asset Impairment test under IFRS

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  • February 15, 2018 at 5:14 pm #1714172
    ds34168
    Participant

    Hi, can anyone tell me how does impairment loss being tested under IFRS? Thanks!

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  • February 15, 2018 at 5:39 pm #1714190
    SONA
    Participant

    I hope this helps:

    Under IFRS, Property held for investment or rental considered investment property and may be measured using: REVALUATION MODEL OR COST MODEL.

    Impairment losses are calculated using 1-step approach Comparing
    Carrying value > recoverable amount or the asset recovery value (which is the higher of its nest realizable value or its value in use)

    February 15, 2018 at 6:19 pm #1714211
    Anonymous
    Inactive

    to add to the above, value in use the the discounted cash flows….

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