IAS-36 – Impairment of Assets
Impairment of assets, deals mainly with accounting for impairment of goodwill, intangible assets and property, plant and equipment. The standard includes requirements for identifying an impaired asset, measuring its recoverable amount, recognising or reversing any resulting impairment loss, and disclosing information on impairment losses or reversals of impairment losses. An impairment loss should be recognised whenever the recoverable amount of an asset is less than its carrying amount.