Which statement best describes the impairment recognition under IFRS 36 when recoverable amount is less than carrying amount?

Which statement best describes the impairment recognition under IFRS 36 when recoverable amount is less than carrying amount?

• A. If recoverable amount > carrying amount, a gain is recognized
• B. If recoverable amount < carrying amount, record a loss and write down to recoverable amount
• C. If recoverable amount = carrying amount, impairment is recorded
• D. If recoverable amount < carrying amount, record a loss and write down to recoverable amount (discounted)

Answer: (D)