Impairment Loss Is the Amount by Which the Carrying Value

question 12

True/False

Impairment loss is the amount by which the carrying value of an asset or cash-generating unit exceeds its recoverable amount.

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Definitions:

Strategic Sourcing

The systematic and fact-based approach for optimizing an organization's supply base and improving the overall value proposition.

Procurement

The process of finding, acquiring, and buying goods, services, or works from an external source.

E-procurement

The electronic procurement of goods and services using the internet and other information technologies to streamline the purchase-to-pay process.

Secure Information

Information that is protected against unauthorized access, alteration, and disclosure, often through encryption and other security measures.