IFRS does allow for reversals of impairment losses on both finite-life and other indefinite-life intangible assets if their value increases in the future.

Question

Quizplus · Accepted Answer

IFRS allows for the reversal of impairment losses on intangible assets, including both finite-life and indefinite-life intangible assets, if there is a subsequent increase in the asset's recoverable amount.

IFRS Does Allow for Reversals of Impairment Losses on Both