How is impairment of a non-financial asset assessed under IAS 36?

• A. Compare carrying amount with recoverable amount (higher of value in use and fair value less costs of disposal); recognize impairment if carrying amount exceeds recoverable amount.
• B. Compare carrying amount with market value; impairment if market value lower.
• C. Impairment recognized only when asset is sold.
• D. Impairment is not recognized for non-financial assets.

Answer: (A)