Al-Amal Company owns a group of assets. As an expert in IFRS, you are required to provide advice on how to conduct an impairment test for each of the following assets:

1- An asset classified on the basis of IAS 16 Property, Equipment, and Plant.

2- Investments in associate companies in accordance with the text of International Accounting Standard No. 28 on accounting for investments in associates.

3- Exploration, evaluation, and exploration costs are recognized in accordance with International Financial Reporting Standard No. 6 for the exploration and evaluation of mineral resources.

4- Financial investments available for sale are classified in accordance with International Accounting Standard No. 39 on financial instruments, recognition, and measurement.

5- An asset classified as held for sale in accordance with the text of International Financial Reporting Standard No. 5 relating to assets held for sale.

Answer rating: 100% (QA)

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