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Which of the following statements regarding the impairment of non-current assets IS CORRECT? A. An impairment reversal is possible when the recoverable amount of an

Which of the following statements regarding the impairment of non-current assets IS CORRECT?

A.

An impairment reversal is possible when the recoverable amount of an impaired asset is estimated using fair value less disposal costs, the fair value remains unchanged and there is an increase in the amount of estimated selling costs.

B.

If an asset is measured using the revaluation model, its value in use is used to determine recoverable amount, and it has negligible estimated selling costs, it is likely to be impaired if its fair value increases.

C.

An additional impairment is possible when the recoverable amount of a previously impaired asset is estimated using value in use and there is an increase in the amount of estimated future cash inflows associated with the asset.

D.

If an impairment loss has been recognised for an asset in a prior period, in every subsequent reporting period the impairment of the asset must be assessed to determine whether the impairment has likely decreased or even no longer exists.

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