Accounting · Indian Accounting Standards (Ind-AS)
What does asset impairment under Ind-AS 36 refer to?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The market price of the asset becomes less than its historical cost
- 2The carrying amount of an asset exceeds its recoverable amount✓
- 3The market price of the asset surpasses both carrying and fair value
- 4The carrying cost of the asset is less than its future expected cash flow
Correct answer
The carrying amount of an asset exceeds its recoverable amount
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