CERTYNEX IFRS ACADEMY

Tamaris Ltd holds a truck with a carrying amount of EUR 60,000 and a recoverable amount of EUR 54,000. What can be concluded?

The truck is not impaired, since its recoverable amount is positive.

Nothing can be concluded until the truck has been sold.

The truck is impaired only if its fair value is below EUR 54,000.

The truck is impaired, because its carrying amount exceeds its recoverable amount.