A Company Would Need to Record an Impairment Loss for Its

question 90

Multiple Choice

A company would need to record an impairment loss for its equipment when:

• A) the original cost of the equipment exceeds its fair value and is deemed not recoverable.
• B) management determines that the equipment will no longer be used.
• C) the carrying amount of the equipment exceeds its fair value and is deemed not recoverable.
• D) the cash flows from the equipment are less than its fair value.

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Definitions:

Endogenous Infection

An infection in which an abnormality or a malfunction in routine body processes causes normally beneficial or harmless microorganisms to become pathogenic.

Asepsis

The absence of bacteria, viruses, and other microorganisms to prevent infection, often referred to in a medical or clinical context.

Pathogens

Microbes, such as bacteria, viruses, fungi, and parasites, that are responsible for causing diseases in their hosts.

Subclinical Case

An infection in which the host experiences only some of the symptoms of the infection or milder symptoms than in a full case.