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Home IFRS Masterclass IAS 36 Impairment IAS 36 Doe we always need to find the FV less cost to sell to determine recoverable amount

IAS 36 Doe we always need to find the FV less cost to sell to determine recoverable amount

The short answer is, not always.

Situation 1

The key idea is to find ensure that the recoverable amount is not lower than the carrying value