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Should building be tested for impairment annually?

topcattopcat Trusted RegularPosts: 452Registered
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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  • Clintm15Clintm15 Well-Known FarehamPosts: 247Registered
    Yes, most tangible assets are tested for impairment annually under IAS 36, with the exception of inventories and a few others.
    AAT
    Level 2 - 2011
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    Level 4 - 2013

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    F4 - Corporate Law - Dec 2015 (passed)
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    F8 - Audit & Assurance - Dec 2015 (passed)
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