Sep/Dec2019 Q2a iii - Asset impairment

It is the weekend and I do not have past Qs & As at my fingertips. There is a general rule of impairment reversals - which is assumed knowledge of FR (also SBR) - that when you reverse a previously recognised impairment loss you cannot increase the carrying amount to more than it WOULD HAVE BEEN if the impairment had not been recognised, So there is a "ceiling" that is the carrying amount that you would have had if the asset had not been impaired, I assume this is what you are referring to.

You're very welcome! I meant to add that if the carrying amount is increased to more than the ceiling that makes it a revaluation and the surplus would have to be treated as such.