When accounting for indefinite-lived intangible assets under IFRS,carrying values are compared to the recoverable amount instead of fair value to ascertain if a write-down is needed.

Indefinite-Lived Intangibles

Non-physical assets without a fixed lifespan, such as trademarks or brand names, that a company does not amortize over time.

IFRS

International Financial Reporting Standards are a set of accounting standards developed by the International Accounting Standards Board, aiming at making global financial statements more comparable.

Recoverable Amount

The higher of an asset's fair value less costs to sell and its value in use, reflecting the maximum amount that can be recovered through its use or sale.