CERTYNEX IFRS ACADEMY

At the reporting date, an entity notes the following facts about an industrial press measured under the cost model. Which one requires IAS 36 to be applied to determine whether the press is impaired?

The press has been serviced under the usual maintenance plan.

The fair value of comparable presses has risen slightly on the second-hand market.

This year's depreciation charge is in line with the original schedule.

A fire has damaged the press, which now runs at half its previous speed.