Recoverable amount is the higher of an asset’s (or cash-generating unit’s) fair value less costs to sell and its value in use.
Recoverable amount is specifically discussed in:
- IAS 16 Property, Plant and Equipment
- IAS 36 Impairment of Assets
- IFRS 5 Non-current Assets Held for Sale and Discontinued Operations
Source: Glossary of Terms of IFRSs as at 31 December 2008.
