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Reversal of impairment losses under IFRS 36

asked Dec 11, 2012 in IAS 36 - Impairment of Assets by Nick Level 1 Member (1.1k points)
recategorized Jan 14, 2013 by Visio

How do we recognize a reversal of impairment of an asset? What are the accounting entries that need to be passed as per IFRS 36?

impairment

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answered Dec 16, 2012 by JaneM Level 2 Member (4.3k points)

Just reverse the entries you posted when you impaired the asset.

DR-impairment provision
CR-income statement (other income etc.)

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