CTHRepealedLegislation
AASB 123 - Borrowing Costs - July 2004
Excess of the Carrying Amount of the QuaExcess of the Carrying Amount of the Qualifying Asset over Recoverable Amount
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Excess of the Carrying Amount of the Qualifying Asset over Recoverable Amount
- When the carrying amount or the expected ultimate cost of the qualifying asset exceeds its recoverable amount or net realisable value, the carrying amount is written down or written off in accordance with the requirements of other Australian Accounting Standards. In certain circumstances, the amount of the write-down or write-off is written back in accordance with those other Australian Accounting Standards.