[Bei]

IAS 36 impairment of assets requires an entity to recognise an impairment loss when assets’ recoverable amount is lower than it’s carrying value, and recoverable amount is higher of net realisable value (FV less cost to sell) and value in use.

I guess the value in use must be the higher amount in this case.

[Bei]

Thanks a lot for this, captmario. Didn’t read much about the IAS40. You are right after checking back to the text book. U are so ready for the paper, are you sitting the Dec exam or you are just one of gurus visiting random sites…

[Author]

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