Pages: 1
how can we delete and assets if we are using reducing balance method for calculating depreciation, do we have to run impairment test as well?
yes impairment test is required fo assets valuation
if you use straight line method for calculating depreciation then the assets are deleted automatically from the financial statements after completing their usefull lives. that is the advantage of using straight line method.
Pages: 1
Users browsing this topic

Login to ReadyRatios


Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: