Exchange and Recoverable amount: Difference between pages
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''Financial reporting - impairment'' | |||
The higher of fair value less costs of disposal and value in use. | |||
Recoverable amount is a figure that recognises we have a choice about what to do with an asset. | |||
We can either: | |||
(1) Sell it; or | |||
(2) Carrying on using it. | |||
Rationally, we would always make the choice that results in the greater value for the business. | |||
== See also == | == See also == | ||
* [[ | * [[Carrying value]] | ||
* [[Fair value]] | |||
* [[ | * [[IAS 36]] | ||
* [[Impairment]] | |||
* [[Value in use]] | |||
* [[ | |||
* [[ | |||
* [[ | |||
[[Category: | [[Category:Accounting,_tax_and_regulation]] | ||
Latest revision as of 15:36, 9 September 2020
Financial reporting - impairment
The higher of fair value less costs of disposal and value in use.
Recoverable amount is a figure that recognises we have a choice about what to do with an asset.
We can either:
(1) Sell it; or
(2) Carrying on using it.
Rationally, we would always make the choice that results in the greater value for the business.