IFRS Disclosure Requirements for Asset Impairment

The amount of impairment losses on revalued assets and the line item(s) in the statement of comprehensive income where they are included (correct)

The amount of reversals of impairment losses on revalued assets recognized in other comprehensive income

The amount of reversals of impairment losses on revalued assets and the line item(s) in the statement of comprehensive income where they are reversed

The amount of impairment losses on revalued assets recognized in other comprehensive income

A grouping of different types of assets in an entity's operations

A grouping of assets with similar nature and use in an entity's operations (correct)

A grouping of assets with different uses but similar natures

A grouping of assets with different natures but similar uses

Only when preparing financial statements for external stakeholders

When there are no changes in the class of assets during the reporting period

Only when there are no other disclosures required for the class of assets

When presenting a reconciliation of the carrying amount of property, plant and equipment per IAS 16 (correct)

<p>Impairment losses recognized in profit or loss and in other comprehensive income during the period</p> Signup and view all the answers

<p>In the statement of comprehensive income</p> Signup and view all the answers