CMA Final · Corporate Financial Reporting · Impairment of Assets (Ind AS 36)
Ind AS 36 deletes paragraphs 25-27 and paragraph 5(b) of IAS 36. What is the stated reason?
Paragraph 5(b) and paragraphs 25-27 are deleted in Ind AS 36 as a consequence of Ind AS 113, Fair Value Measurement. The paragraph numbers are kept so that numbering stays consistent with IAS 36.
- AThey were deleted as a consequence of Ind AS 113, Fair Value Measurement, with numbering retained for consistency with IAS 36Correct
- BThey were deleted because Ind AS 40 requires the cost model for investment property
- CThey were deleted because the transitional provisions are in Ind AS 101
- DThey were deleted because they referred to Illustrative Examples that are not part of the Standard
Explanation
The comparison states that paragraphs 5(b) and 25-27 were deleted as a consequence of Ind AS 113, with numbering retained. The Ind AS 40 cost model reason relates to paragraph 2(f), and the Illustrative Examples reason relates to paragraphs 103, 137 and C9.
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More Impairment of Assets (Ind AS 36) questions
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