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CA Final · Financial Reporting · Ind AS 36 Impairment of Assets

Anaya Foods Ltd. notes that paragraphs 91-95 of Ind AS 36 show as 'Deleted'. Its CFO asks why the numbers still appear. What is the correct position per the Ind AS 36 comparison with IAS 36?

Paragraphs 91-95 already appear as Deleted in IAS 36 itself. Ind AS 36 retains the paragraph numbers so that its numbering stays consistent with IAS 36. They were not deleted due to Ind AS 113 or transitional relief.

  1. AThey are deleted in Ind AS 36 only because of Ind AS 113
  2. BThey appear as Deleted in IAS 36 and the numbers are retained in Ind AS 36 for consistency with IAS 36 numberingCorrect
  3. CThey were deleted as they dealt with transitional provisions
  4. DThey were deleted because they referred to the corporate assets example

Explanation

The comparison states that paragraphs 91-95 appear as Deleted in IAS 36, and numbering is retained in Ind AS 36 for consistency. The Ind AS 113 deletions are 5(b) and 25-27, and corporate assets example reference is paragraph 103.

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