Which of the Following Statements in Relation to Assessing E&E

question 8

Multiple Choice

Which of the following statements in relation to assessing E&E assets for impairment is correct?

• A) AASB 6/IFRS 6 allows E&E assets to be tested for impairment at the individual asset level.
• B) AASB 6/IFRS 6 does not allow the reversal of impairment write-downs made against E&E assets.
• C) The level at which and E&E asset is tested for impairment may consist of one or more cash-generating units.
• D) AASB 6/IFRS 6 allows the cash-generating unit or group of cash-generating units to which an E&E asset is allocated to be larger than a segment determined in accordance with IFRS 8.

---

Definitions:

Exodus

The mass departure of people, often from a country or region, due to various reasons such as war, disaster, or persecution.

Welfare Dependency

describes a situation where individuals or families continually rely on government benefits for their basic needs over an extended period, often leading to a cycle of poverty.

In-Kind Help

Non-monetary assistance provided in the form of goods or services, such as food, housing, or medical aid, rather than cash.

Welfare Recipients

Individuals or households that receive financial assistance or aid from government programs.