528 paragraphs found in AASB 136
In accordance with AASB 112, the entity recognises the deferred tax asset to the extent that it is probable that taxable profit will be available against which the deductible temporary difference can be utilised. Example 4 Reversal of an impairment loss …
In 20X3, the government is still in office in Country A, but the business situation is improving. The effects of the export laws on T’s production are proving to be less drastic than initially expected by management. As a result, management estimates that …
Calculations similar to those in Example 2 show that the recoverable amount of the Country A cash-generating unit is now CU1,910. …
T compares the recoverable amount and the net carrying amount of the Country A cash-generating unit. Schedule 1. Calculation of the carrying amount of the Country A cash-generating unit at the end of …
Goodwill Identifiable assets Total CU CU CU Beginning of 20X2 (Example 2) Historical cost 1,000 2,000 3,000 Accumulated depreciation – (167) (167) Impairment loss (1,000) (473) (1,473) Carrying amount after impairment loss – 1,360 …
There has been a favourable change in the estimates used to determine the recoverable amount of the Country A net assets since the last impairment loss was recognised. Therefore, in accordance with paragraph 114 of AASB 136, T recognises a reversal of the …
In accordance with paragraphs 122 and 123 of AASB 136, T increases the carrying amount of the Country A identifiable assets by CU387 (see Schedule 3), ie up to the lower of recoverable amount (CU1,910) and the identifiable assets’ depreciated historical …
In accordance with paragraph 124 of AASB 136, the impairment loss on goodwill is not reversed. Schedule 2. Determination of the depreciated historical cost of the Country A identifiable assets at the end of …
End of 20X3 Identifiable assets CU Historical cost 2,000 Accumulated depreciation (166.7 × 3 years) (500) Depreciated historical cost 1,500 Carrying amount (Schedule 1) 1,113 Difference 387 Schedule 3. Carrying amount of the Country A assets at the end …
End of 20X3 Goodwill Identifiable assets Total CU CU CU Gross carrying amount 1,000 2,000 3,000 Accumulated amortisation – (414) (414) Accumulated impairment loss (1,000) (473) (1,473) Carrying amount – 1,113 1,113 Reversal of …