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What is the measure of the recognition of impairment loss in the value of the fixed assets ? the fixed assets that are not subject to impairment loss?

IFRS
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Question added by Rashad Moursi , Financial and Administrative Officer & international Business Transformer, Hotel Owner Reprs. , Investment and financial
Date Posted: 2014/01/27
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Mohammad Ibrahim, CMA, CertIFR
by Mohammad Ibrahim, CMA, CertIFR , Accounting Operation Team Leader , KFH ( Kuwait Finance House )

The Impairment Recognition Under IFRS :

when you compare Difference Between the carrying value of an asset with the Recoverable amount of an asset .

the Recoverable Amount is the higher Of :

A) the fair value less cost to sell .

B) the value in use ( the PV of future cash flow in use including the residual value ) .

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