Examlex
In ERD terminology,which of the following specifies whether an entity must participate in the relationship or not?
Net Carrying Amount
The value of an asset recorded in a company's financial statement, which is the original cost minus accumulated depreciation and impairment losses.
Goodwill
An intangible asset that arises when a business is acquired for more than the fair value of its net identifiable assets, reflecting the value of the business's reputation, brand, and other unquantifiable assets.
Impairment Test
A process used to determine if an asset's carrying amount exceeds its recoverable amount, indicating the asset may be impaired and its value should be written down.
Business Combination
The merger or acquisition of two or more companies to form a single business entity, often to enhance strategic positioning or achieve synergies.
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