questions

What are IFRS?
Where can I obtain the original IFRS documents?
Which entities need to apply IFRS?
For how long have these standards been effective?
Do I use cost or valuation as the basis for carry fixed assets?
If I use the revaluation model, what is the accounting treatment of 'accumulated depreciation prior to revaluation'?
How should depreciation be provided under IAS 16?
How do I account for impairment of assets?
Where do I show impairment losses?
How do I treat impairment of cash generating units?
Can I reverse impairment losses?
Can I reverse an impairment loss for goodwill?
What is goodwill and how should it be presented in the financial statements?
How does this compare with impairment of financial assets?

Can I reverse impairment losses?

An impairment loss can be reversed if there has been a change in the estimates used to determine the recoverable amount. An impairment loss is reversed only to the extent that the asset’s carrying amount after the reversal does not exceed the amount that would have been determined, net of applicable depreciation, if no impairment loss had been recognised