Under IFRS, at each year end, the company must determine whether or not an impairment loss still exists by measuring the asset's recoverable amount.

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Under IFRS, companies are required to assess at each reporting date whether there is any indication that an asset may be impaired (i.e., its carrying amount exceeds its recoverable amount). If any such indication exists, the entity must estimate the asset's recoverable amount and recognize an impairment loss if the carrying amount exceeds this recoverable amount.

Under IFRS, at Each Year End, the Company Must Determine