Question

Are impaired intangible assets measured by fair value or net realizable value?

Answer 1

As per IAS 36, impaired intangible assets must not be carried in the financial statements at more than the highest amount to be recovered through its sale as on the date of financial statement.

An asset is referred to as an impaired asset if the carrying cost of the asset in its balance sheet is more than the recoverable amount.  

hence, in the view of IAS36, impaired intangible assets must be measured at its net realizable value, and not at fair value or carrying cost.