CERTYNEX IFRS ACADEMY

For an impairment test, the recoverable amount under IAS 36 is the higher of two amounts. Which one reflects the assumptions of market participants rather than factors specific to the entity?

Fair value less costs of disposal, measured under IFRS 13.

Both amounts, which are both fair values within the meaning of IFRS 13.

Neither, the recoverable amount depending solely on management's judgement.

Value in use, because it includes synergies specific to the entity.