Working at Private Company
8637 Points
Joined December 2011
Loss in value of Current Asset - for which Current Asset
For Inventory Ind AS - 2 applies
Ind AS - 28 Impairment of Asset deals with with impairment of assets, the carrying amount of the assets should not be more than the recoverable amount of the assets.
But doesn't covers Inventories (Covered in AS – 2)
Assets arising under Construction Contracts (Covered on AS – 7)
Financial Assets including Investments (Covered in AS – 13)
Deferred Tax Asset (Covered in AS -22 )