Question
If an asset’s recoverable amount is less than its
carrying amount, what is the correct treatment under Ind AS 36?Solution
Impairment requires reducing asset’s carrying amount to recoverable amount. Loss is recognised immediately in P&L, except for certain revalued assets where OCI may be involved.
Statements: All phones are battery.
No battery is a network.
...
Statements:
Some P are Q
All Q are R
Some R are S
Conclusions:
I. Some R are not P
II. All R are P
Statements :
Some files are folders.
Some folders are envelopes.
Some envelopes are letters.
Conclusions:
I. Some...
Statements:
All Water are Tea.
No Tea is Coffee.
Some Coffee are Milk.
Conclusions:
I. No Water is Milk.
II. S...
Statements:
All Bottles are Glasses.
All Glasses are Bowls.
Some Cups are Bowls.
Conclusions:
I. Some Cups are Glasse...
Statements:
No watch is mobile
Some phones are shoes
All shoes are watch
Conclusion:
I. Some phones are not mob...
Statements: Some windows are door.
Some door are watch.
Conclusions: I. Some windows a...
Statement:
Some jeans are not shirt.
All shirts are pant.
Some pants are not blazers.
Conclusion:
I. Some blaze...
Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at varianc...
Statements:
Some cubes are cuboids.
Only few cuboids are squares.
No square is a circle.
All circles are triangles.
C...
