Buerhle Company needs to determine if its indefinite-life intangibles other than goodwill have been impaired and...

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Buerhle Company needs to determine if its indefinite-life intangibles other than goodwill have been impaired and...

Buerhle Company needs to determine if its indefinite-life intangibles other than goodwill have been impaired and should be reduced or written off on its balance sheet. The impairment test(s) to be used is (are)

Recoverability Test Fair Value Test

a. Yes Yes

b. Yes No

c No Yes

d. No No

business accounting

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Answer 1

Answer #1

Option C is the answer

To determine if the intangible assets are impaired in order to writeoff, fair value test should be conducted and recoverability test is irrelevant.

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Answer 2

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