CMA Intermediate · Financial Accounting · Property, Plant and Equipment (AS 10)
As per AS 10, an enterprise discloses information on impaired property, plant and equipment in accordance with which Accounting Standard?
Impairment disclosures for property, plant and equipment follow AS 28. AS 10 directs the enterprise to disclose information on impaired items in accordance with AS 28, in addition to the other disclosures it requires. AS 5 relates to changes in accounting estimates.
- AAS 5
- BAS 28Correct
- CAS 16
- DAS 12
Explanation
AS 10 states that information on impaired property, plant and equipment is disclosed in accordance with AS 28, in addition to the information otherwise required. AS 5 is cited for changes in estimates, not impairment.
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