According to International Financial Reporting Standards (IFRS), an impairment loss for property, plant, and equipment is required only when an asset's book value exceeds the undiscounted sum of the asset's estimated future cash flows.

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According to IFRS, an impairment loss for property, plant, and equipment is required if an asset's carrying amount exceeds its recoverable amount, which is the higher of the asset's fair value less costs to sell and its value in use. The value in use is the present value of the estimated future cash flows expected to be derived from the asset. Therefore, the undiscounted sum of estimated future cash flows is not sufficient to determine whether an impairment loss is required.

According to International Financial Reporting Standards (IFRS), an Impairment Loss