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Impairment As 28
Accountancy
Generally on what value should we do reversal of impairment??
Answers (3)
As per Accounting Standard (AS) 28, "Impairment of Assets," a reversal of an impairment loss is recognized if there has been a change in the estimates used to determine the recoverable amount of the asset since the last impairment loss was recognized. Reversal cannot exceed the carrying amount of the asset that would have been determined had no impairment loss been recognized in the past.
