Question 1

2 Points

A business has four assets, which the directors wish to test for impairment:

Asset	Carrying amount	Fair value less cos t to sell	Value in use
1	20,000	21,000	22,000
2	22,000	18,000	19,000
3	19,000	17,000	21,000
4	15,000	14,000	12,000

Which above assets are impaired according to IAS 36 Impairment of assets?

2 and 4

3 and 4

1 and 3

1 and 4