CERTYNEX IFRS ACADEMY

Sorélia Ltd has capitalised EUR 750,000 of development expenditure for a software platform that will not be available for use until 20X3. At 31 December 20X2, no indication of impairment has been identified and the project is on schedule. What does IAS 36 require?

The platform must be tested during 20X2 despite the absence of an indication, since it is not yet available for use.

No test is required in 20X2, since no indication has been identified and the project is on schedule.

The test will only take place once the platform is available for use, when its amortisation begins.

The platform is excluded from IAS 36 until it is available for use, since its cash flows cannot yet be observed.