Buster Plc Had Purchased Goodwill to the Value of €100

question 29

Multiple Choice

Buster Plc had purchased goodwill to the value of €100 000 recorded in its consolidated financial statements.The goodwill has been determined to have an indefinite useful life.However,one year later Buster Plc's cash generating units has been determined to have incurred an impairment loss of €13 000.What is the appropriate action for Buster limited to comply with IAS 38 Intangible Assets and IAS 36 Impairment of Assets?

• A)Write-off goodwill in its entirety as goodwill no longer exists.
• B)Recognise impairment loss of €13 000 and credit goodwill.
• C)Amortise goodwill for 20 years using straight-line method.
• D)Recognise impairment loss of €13 000 and credit equity.

Identify the components and processes of human memory, comparing them to computer processing.

Comprehend the structure and function of short-term, long-term, and sensory storage in memory.

Recognize memory's imperfections and factors that influence memory failure or success.

Grasp how memory encoding, storage, and retrieval processes interact within the human brain.

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Definitions:

Apologizing

The act of expressing regret or sorrow for having done something wrong or caused inconvenience or offense to someone.

Customer's Claim

A formal request or assertion made by a customer demanding a remedy or compensation for a product or service issue.

Full Refund

A full refund is a repayment in total of an amount paid by a customer for goods or services that were unsatisfactory, unfulfilled, or canceled.

Warranty

A written guarantee, issued to the purchaser of an article by its manufacturer, promising to repair or replace it if necessary within a specified period of time.