528 paragraphs found in AASB 136
The primary purpose of the building is to serve as a corporate asset, supporting M’s manufacturing activities. Therefore, the building as a whole cannot be considered to generate cash inflows that are largely independent of the cash inflows from the …
The building is not held as an investment. Therefore, it would not be appropriate to determine the value in use of the building based on projections of future market related …
In this example, tax effects are ignored. Background and calculation of value in use …
At the end of 20X0, entity T acquires entity M for CU10,000. M has manufacturing plants in three countries. Schedule 1. Data at the end of 20X0 End of 20X0 Allocation of purchase price Fair value of identifiable assets Goodwill (a) CU CU CU …
Because goodwill has been allocated to the activities in each country, each of those activities must be tested for impairment annually or more frequently if there is any indication that it may be impaired (see paragraph 90 of AASB …
The recoverable amounts (ie higher of value in use and fair value less costs of disposal) of the cash-generating units are determined on the basis of value in use calculations. At the end of 20X0 and 20X1, the value in use of each cash-generating unit …
At the beginning of 20X2, a new government is elected in Country A. It passes legislation significantly restricting exports of T’s main product. As a result, and for the foreseeable future, T’s production in Country A will be cut by 40 per …
The significant export restriction and the resulting production decrease require T also to estimate the recoverable amount of the Country A operations at the beginning of …
T uses straight-line depreciation over a 12-year life for the Country A identifiable assets and anticipates no residual value. …