How Often Must an Impairment Test Be Applied to Tangible

question 16

Multiple Choice

How often must an impairment test be applied to tangible assets?

• A) every two years.
• B) at the end of each financial year.
• C) only when there is an indication that the asset may be impaired.
• D) at each reporting date including interim reporting dates such as half-year.

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Definitions:

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Questionnaires

A research instrument consisting of a series of questions designed to gather information from respondents.

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ELM (Elaboration Likelihood Model)

A theory in social psychology that explains how the likelihood of persuasion can vary based on the audience's ability and motivation to process a message.