CERTYNEX IFRS ACADEMY

An asset grant, deducted from the asset's carrying amount, becomes repayable, which raises the asset's carrying amount. Which of these statements are accurate? (More than one answer possible.)

The circumstances of the repayment may require the new carrying amount to be considered for possible impairment.

An impairment review is optional as long as the repayment is treated as a change in estimate.

Raising the carrying amount may take it beyond what the asset can recover.

The review applies to the revised carrying amount, not to the original amount net of the grant.

Any impairment is treated as the correction of a prior-period error.