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Impairment of Assets

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(Querist)
08 January 2010 Is impairment of asset an exceptional item. Please give AS reference too.
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CA Sidhi Gaur

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CA Sidhi Gaur (Expert)
08 January 2010 as per AS-28 impairment loss arises when book value of an asset exceeds its recoverable amount.it is charged to P&L account and is not an exceptional item.
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Ashish Aggarwal

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Ashish Aggarwal (Querist)
08 January 2010 thanks but in P&L account it is shown as a part of depreciation or a seperate line item



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CA Sidhi Gaur

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CA Sidhi Gaur (Expert)
09 January 2010 impairment loss is shown separately in p&l account.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
02 July 2023 "Sorry, I am not a featured member."

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