Should building be tested for impairment annually?

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topcat
topcat Registered Posts: 452
in AAT Level 4 (Level 8 in Scotland)
I think it should be as Osborne says so in the tutorial but in a kapaln question/answer it says it shouldn't. Can anyone clarify please?

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  • Clintm15
    Clintm15 Registered Posts: 248 Dedicated contributor 🦉
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    Yes, most tangible assets are tested for impairment annually under IAS 36, with the exception of inventories and a few others.
    AAT
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