Per PAS 8, it is an adjustment of the carrying amount of an asset or a liability, or the amount of the periodic consumption of an asset, that results from the assessment of the present status of the...

question 39

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Extracted text: Per PAS 8, it is an adjustment of the carrying amount of an asset or a liability, or the amount of the periodic consumption of an asset, that results from the assessment of the present status of the expected future benefits and obligations associated with assets and liabilities* 4 O Prospective application O Change in accounting estimate O Correction of error O Prior period error