FRA cfa L1

We know that if PP&E are shown in BS under cost model (IFRS or US Gaap), impairment check has to be done annually.

Say PP&E are shown at FMV under IFRS. Then do we require impairment check?

No: reporting it at fair market value accounts for any impairment.

Do we measure the FMV at every year end for all assets and report those?

"Just curious "