CERTYNEX IFRS ACADEMY

Corvail, which reports segment information, recognised a material impairment loss of 400,000 in 20X2 on a production line in its Industry segment. The line's recoverable amount is its value in use. Which of the following must it disclose about this loss?

The name of the firm that performed the impairment test.

The events and circumstances that led to the recognition of the loss.

The amount of the impairment loss recognised.

The nature of the asset and the reportable segment to which it belongs.

The amount of the impairment loss expected for the following year.

The line's recoverable amount and the fact that it is its value in use.