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<h1>Impairment of assets: recoverable amount tests and annual goodwill/intangible reviews ensure carrying amounts reflect value in use.</h1> Ind AS 36 requires assets to be carried at no more than their recoverable amount-the higher of fair value less costs of disposal and value in use-and mandates impairment recognition when carrying amount exceeds recoverable amount. Entities must assess indicators of impairment each reporting date and perform annual tests for indefinite lived intangibles and goodwill; where an individual asset's recoverable amount cannot be estimated, the cash generating unit to which it belongs must be tested. Value in use is measured by discounting management's reasonable cash flow projections using pre tax discount rates reflecting time value and asset specific risks.
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