Which statement is true regarding the U.S. GAAP impairment test for limited life intangibles? A. Even...
- Which statement is true regarding the U.S. GAAP impairment test for limited life intangibles?
|
A. |
Even if the fair value of the intangible is less than its book value, it is possible that no impairment loss will be reported. | |
|
B. |
Impairment loss always equals the difference between book and fair value of the intangibles, if book value exceeds fair value. |
|
|
C. |
No impairment testing is necessary if it is more likely than not that the intangibles are not impaired. |
|
|
D. |
The impairment loss is calculated as the difference between fair value and original cost. |
Homework Answers
Answer:-
Option (C)
The statement regarding true the U.S.GAAP impairment test is
NO impairment testing is neccessary if it is more likely than not that the intangibles are not impaired.
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Which statement is true regarding the U.S. GAAP
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