Accounting Standard (AS) - 6. page

Recoverable Amount and Carrying Amount of a CashGenerating Unit : 72. The recoverable amount of a cash-generating unit is the higher of the cash-generating unit’s net selling price and value […]

Identification of the Cash-Generating Unit to Which an Asset Belongs : 64. If there is any indication that an asset may be impaired, the recoverable amount should be estimated for […]

Cash-Generating Units : Paragraphs 64 to 92 set out the requirements for identifying the cashgenerating unit to which an asset belongs and determining the carrying amount of, and recognising impairment […]

Recognition and Measurement of an Impairment Loss : Paragraphs 57 to 62 set out the requirements for recognising and measuring impairment losses for an individual asset. Recognition and measurement of […]

Value in use of an asset  : Estimating the value in use of an asset involves the following steps: (a) estimating the future cash inflows and outflows arising from continuing […]

Net Selling Price of Assets   : The best evidence of an asset’s net selling price is a price in a binding sale agreement in an arm’s length transaction, adjusted […]

Measurement of Recoverable Amount : This Standard defines recoverable amount as the higher of an asset’s net selling price and value in use. Paragraphs 15 to 55 set out the […]

Identifying an Asset that may be Impaired : An asset is impaired when the carrying amount of the asset exceeds its recoverable amount. Paragraphs 6 to 13 specify when recoverable […]

Definitions Of Impairment of Assets : The following terms are used in this Standard with the meanings specified:  Recoverable amount is the higher of an asset’s net selling price and […]

Scope Of Impairment of Assets : This Standard should be applied in accounting for the impairment of all assets, other than: (a) inventories (see AS 2, Valuation of Inventories); (b) […]