IAS 36

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8 indicators of asset impairment.

The purpose of IAS 36 (impairment of asset) is to provide entities with guidance to determine whether an asset is impaired and how the impairment should be recognized.

When assessing whether there is an impairment, IAS 36 requires that the following factors should be considered by an entity;

External factors

  • An expected decline in the asset market values.
  • Significant
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