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Hi hcsGood questionYes they have to write off even if reporting...

  1. McK
    580 Posts.
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    Hi hcs

    Good question

    Yes they have to write off even if reporting historically. They can’t show McPs as having a certain value as at 30 June (misleading) when they now know it to be untrue.

    It’s called asset degradation and the write off just needs to be probable not 100% certain.
 
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