In accordance with IAS 36 Impairment of Assets , which of the following statements are true? Non-current assets must be checked annually for indications of impairment An impairment loss must be...

• In accordance with IAS 36
  Impairment of Assets, which of the following statements are true?

• Non-current assets must be checked annually for indications of impairment


• An impairment loss must be recognized immediately in the income statement, except that all or part of a loss on a previously revalued asset should be charged against any related revaluation surplus


• If the fair value less costs to sell exceeds the carrying amount of an asset, there is no need to estimate value in use

A         (1) and (2)

B          (1) and (3)

C         (2) and (3)

D         (1), (2) and (3)