Subsequent reversals of impairment losses
ID:CVSRI
Video Overview
The reversal of the impairment loss is limited to the asset’s historic carrying amount as if there had been no impairment. After the reversal of the impairment loss is recognized, the depreciation is calculated using the asset’s revised carrying amount over its remaining useful life. In this tutorial we will look at the steps involved in recording and calculating the subsequent reversal of impairment losses.
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