An asset of A Ltd has a history of profitable use within A’s operations and is currently profitable. The most recent budgeted results of A Ltd show that the cash outflows in connection with operating the asset are 20 per cent higher than originally budgeted due to COVID19. Comment on whether a formal estimate of recoverable amount is required under AAASB136 as a result of an impairment indicator being “triggered”. Explain your answer by reference to AASB136.