CERTYNEX IFRS ACADEMY

Ombrelle Ltd is preparing its annual reporting. Which of the following steps reflect what IAS 36 requires for a depreciated item of property, plant and equipment? (Several answers possible.)

Recognising an impairment loss as soon as the carrying amount falls through depreciation.

Looking, at the reporting date, for any indication of impairment.

Estimating recoverable amount only when the asset is put up for sale.

If an indication exists, estimating the recoverable amount and comparing it with the carrying amount.