Testbank Question 22 The cost recovery impairment model uses undiscounted cash flows in its determination of impairment. uses discounted cash flows in its determination of impairment. is the method used under IFRS. requires the calculation of value in use. Testbank Question 19 ASPE requires that assets must be assessed for indications of impairment at the end of each reporting period. at the end of every quarter. when events and circumstances indicate that asset's carrying amount may not be recoverable. whenever the method of depreciation has changed