Cheng's financial director needs to know if it's possible to reverse impairment losses recognised in prior periods. He believes that there are indicators which suggest a reversal may be required. Which of the following statements are correct?

one or more options,

choices/options:

Impairment losses are reversible for previously recognised goodwill impairment losses

Reversal of impairment losses are always recognised in profit or loss

An impairment loss cannot be reversed above an asset's carrying amount, had no impairment been recognised in the first place

CupAchino should annually assess whether there are indications that previous impairment losses on assets other than goodwill may no longer exist or have decreased

Both external and internal sources should be assessed to see if impairment losses are reversible