While some costs are purely variable and some fixed, there are mixed costs that contain both variable and fixed elements. The High-Low Method is a technique that you can use …
Recoverable Amount Recoverable Amount can be defined as the higher of an asset’s value in use and fair value less costs of disposal. The Value in use refers to the …
Fair value in accounting means the price for which a non-current asset can be sold in an active market. The fair value should not be confused with the carrying amount …
In Accounting, non-current assets that the company intends to sell instead of using them in its operations are called assets held for sale and IFRS 5 explains the recognition and …