Per mille and Recoverable amount: Difference between pages

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.

@@ Line 1: / Line 1: @@
-.
+''Financial reporting - impairment''
-''Banking''
+The higher of fair value less costs of disposal and value in use.
-A charge based on the size of a transaction, quoted per 1,000 currency units of the transaction size.
+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.
-.
-More generally, any amount expressed per 1,000 units of a base measure as 'parts per thousand'.
-For example, a concentration of pollutants in water or air.
 == See also ==
-* [[Ad valorem]]
+* [[Carrying value]]
-* [[Lifting fees]]
+* [[Fair value]]
+* [[IAS 36]]
+* [[Impairment]]
+* [[Value in use]]
+[[Category:Accounting,_tax_and_regulation]]