When accounting for indefinite-lived intangible assets under IFRS,carrying values are compared to the recoverable amount instead of fair value to ascertain if a write-down is needed.

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Under IFRS, indefinite-lived intangible assets are not carried at fair value. Instead, they are tested for impairment by comparing their carrying value to their recoverable amount, which is the higher of fair value less costs of disposal or the asset's value in use. If the carrying value exceeds the recoverable amount, then a write-down is needed.

When Accounting for Indefinite-Lived Intangible Assets Under IFRS,carrying Values Are