A firm tests a CGU for impairment and identifies reversal conditions for non goodwill assets. What is the correct approach?

Question

Answer

Reverse impairment only when future cash flows guarantee full recovery

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Reverse impairment for assets except goodwill but not above what carrying amount would have been

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Reverse impairment including goodwill because CGU performance improved

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Reverse impairment only through OCI because profit cannot include reversals

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