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Does IAS 36 apply to WIP in construction contracts?

Does IAS 36 apply to Work in progress in construction contracts? or are they treated differently?

asked Mar 14, 2013 in IAS 36 - Impairment of Assets by anonymous
retagged Apr 23, 2013 by Visio

1 Answer

0 votes
No IAS 36 does not apply to assets arising from construction contracts.  It has to be in line with IAS 11 — Construction Contracts.
answered Mar 28, 2013 by anonymous