Accounting MCQ Accounting In testing for impairment of an operational asset, an impairment loss has occurred if the:

In testing for impairment of an operational asset, an impairment loss has occurred if the:

Naim 13:37 Accounting

In testing for impairment of an operational asset, an impairment loss has occurred if the:

A) Asset's book value exceeds the present value of its expected future cash flows.

B) Expected future cash flows exceeds the asset's book value.

C) Present value of expected future cash flows exceeds its carrying value.

D) Asset's book value exceeds the expected future cash flows.

Answer: D

Learn More :

If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.

Subscribe to: Post Comments (Atom)