What Is the Nature of the Recoverability Test for Indefinite-Life

question 89

Multiple Choice

What is the nature of the recoverability test for indefinite-life intangible assets?

• A) Is the carrying value of the asset greater than the sum of undiscounted future cash flows generated by the asset?
• B) Is the carrying value of the asset greater than the sum of future discounted cash flows generated by the asset?
• C) Is the carrying value of the asset greater than the fair value of the asset?
• D) There is no recoverability test for indefinite-life intangible assets.

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