Under International Financial Reporting Standards (IFRS),when assets are written down because of impairment,the impairment losses can be reversed if circumstances change.

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According to IFRS, impairment losses can be reversed if there is a change in circumstances indicating that the previously recognized impairment loss no longer exists or has decreased. However, the reversal is limited to the amount of the original impairment loss that was recognized.

Under International Financial Reporting Standards (IFRS),when Assets Are Written Down