Which of the Following Identifies an Impairment of an Asset $\quad$

question 12

Short Answer

Which of the following identifies an impairment of an asset and describes the appropriate accounting treatment using the cost model as per AASB 136 Impairment of Assets? $\quad$ Impairment identified when: $\quad$$\quad$$\quad$$\quad$ Appropriate accounting treatment
a.Carrying amount of an asset is less $\quad$$\quad$ Asset is written up to its recoverable amount
$\quad$ than its recoverable amount
b.Carrying amount of an asset is less $\quad$$\quad$ No change to the asset value
$\quad$ than its recoverable amount
c.Carrying amount of an asset is $\quad$ $\quad$$\quad$ Asset is written down to its recoverable
$\quad$ greater than itsrecoverable amount $\quad$$\quad$ amount
d.Caryying amount of an asset is $\quad$$\quad$$\quad$ No change to the asset value
$\quad$ oreater than its recoverable amount

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Definitions:

Origins

In anatomy, origins refer to the fixed attachment points where skeletal muscles are attached to bone, serving as the starting point for muscle contraction.

Femur

The largest and most durable bone in the body, stretching from the hip down to the knee.

Posterior Leg Muscles

Muscles located at the back of the leg that are primarily involved in movement and stabilization of the ankle, foot, and toes.

Extensor Digitorum Longus

The extensor digitorum longus is a muscle in the lower leg that helps to extend the toes and the foot.