Which of the Following Statements Is True About Assessing Recoverability

question 111

Multiple Choice

Which of the following statements is true about assessing recoverability of property, plant and equipment?

• A) If the sum of the undiscounted future cash flows exceeds the carrying value of the asset, then the asset is impaired.
• B) If the sum of the discounted future cash flows exceeds the carrying value of the asset, then the asset is impaired.
• C) If the sum of the undiscounted future cash flows exceeds the carrying value of the asset, then the asset is not impaired.
• D) If the sum of the discounted future cash flows exceeds the carrying value of the asset, then the asset is not impaired.

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