Like U.S.GAAP,asset impairments under IFRS may be reversed in future periods for all types of long-term assets.

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Under IFRS, impairment losses on assets such as property, plant, and equipment, and intangible assets other than goodwill can be reversed if there is a change in the estimates used to determine the asset's recoverable amount. However, under U.S. GAAP, once an impairment loss is recognized, it cannot be reversed for assets held for use.

Like USGAAP,asset Impairments Under IFRS May Be Reversed in Future Periods