In line with IAS 36, indicate four(4) suggestions on how a possible impairment of assets might be recognised from both internal and external sources.
(b) (I) . What is property, plant and equipment (PPE)?
(ii). Dicuss the position of IAS16 with respect to PPE on:
- initial recognition of PPE
- initial measurement of PPE subsequent measurement after initial recognition of PPE.
(c). Briefly explain the qualitative characteristics of financial information produced by businesses.
(d). State any four(4) users of financial information and explain their information needs.