First, determine whether Kern can record the recovery.

Kern record the recovery $$

Kern Products, an IFRS reporter, reported an impairment loss of S61 ,000 for one of its plant assets on December 31 , 2022. At December 31, 2023, the assets recoverable amount increased by S8S,000_ The current carrying value is Sl 15,000 less than it would have been if the asset had not been impaired. The recoverable amount does not exceed the original carrying value net of accumulated depreciation as if the asset was not impaired. Can Kern record a recovery? Prepare the journal entry to record the recovery if it is permitted First, determine whether Kern can record the recovery. Kern record the recovery