According to International Financial Reporting Standards, 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 International Financial Reporting Standards, an impairment loss for property, plant, and equipment is required when an asset's carrying amount exceeds its recoverable amount, which is the higher of an asset's fair value less costs to sell or its value in use (i.e. the present value of estimated future cash flows). Therefore, an impairment loss may be required even if an asset's book value does not exceed the undiscounted sum of the asset's estimated future cash flows.

According to International Financial Reporting Standards, an Impairment Loss for Property