Which of the following is not a part of the impairment test of equipment under IFRS?
A) determine the asset's carrying value
B) determine the asset's fair value less costs to dispose
C) determine the fair value of the cash-generating unit without the asset
D) determine the discounted value of the future cash flows expected to be derived from the asset

Question

Quizplus · Accepted Answer

The impairment test under IFRS involves comparing the carrying value of an asset to its recoverable amount, which is the higher of its fair value less costs to dispose and its value in use (discounted future cash flows). Determining the fair value of the cash-generating unit without the asset is not part of this process.

Which of the Following Is Not a Part of the Impairment