528 paragraphs found in AASB 136
Because the carrying amount exceeds the recoverable amount by CU1,473, T recognises an impairment loss of CU1,473 immediately in profit or loss. The carrying amount of the goodwill that relates to the Country A operations is reduced to zero before …
Tax effects are accounted for separately in accordance with AASB 112 Income Taxes (see Illustrative Example 3A). Schedule 2. Calculation of the value in use of the Country A cash-generating unit at the beginning of …
Year Long-term growth rates Future cash flows Present value factor at 15% discount rate(a) Discounted future cash flows CU CU 20X2 (n=1) 230(b) 0.86957 200 20X3 253(b) 0.75614 191 20X4 273(b) 0.65752 180 20X5 290(b) …
Beginning of 20X2 Goodwill Identifiable assets Total CU CU CU Historical cost 1,000 2,000 3,000 Accumulated depreciation (20X1) – (167) (167) Carrying amount 1,000 1,833 2,833 Impairment loss (1,000) (473) (1,473) Carrying amount …
At the beginning of 20X2, the tax base of the identifiable assets of the Country A cash-generating unit is CU900. Impairment losses are not deductible for tax purposes. The tax rate is 40 per …
The recognition of an impairment loss on the assets of the Country A cash-generating unit reduces the taxable temporary difference related to those assets. The deferred tax liability is reduced …
Beginning of 20X2 Identifiable assets before impairment loss Impairment loss Identifiable assets after impairment loss CU CU CU Carrying amount (Example 2) 1,833 (473) 1,360 Tax base 900 – 900 Taxable temporary difference 933 (473) 460 …
In accordance with AASB 112 Income Taxes, no deferred tax relating to the goodwill was recognised initially. Therefore, the impairment loss relating to the goodwill does not give rise to a deferred tax …
An entity has an identifiable asset with a carrying amount of CU1,000. Its recoverable amount is CU650. The tax rate is 30 per cent and the tax base of the asset is CU800. Impairment losses are not deductible for tax purposes. The effect of the impairment …
Before impairment Effect of impairment After impairment CU CU CU Carrying amount 1,000 (350) 650 Tax base 800 – 800 Taxable (deductible) temporary difference 200 (350) (150) Deferred tax liability (asset) at 30% 60 (105) …