Previusly impaired asset
This query is : Open
19 April 2016
In 2015 we fully impaired the asset and the carrying amount at year was zero . What will happen in the current year 2016 ? The asset is still in the fixed asset register for 2016 . The condition of the asset has not changed from last year ( 2015)
20 April 2016
impaired amount of asset should be charged to p&l account. so should not be included in FAR
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