If an Asset Is Subject to Depreciation or Amortization There

question 34

True/False

If an asset is subject to depreciation or amortization there is no longer a need to test the asset for impairment.

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Definitions:

World Bank

An organization established by the industrialized nations in 1946 to loan money to underdeveloped and developing countries; formally known as the International Bank for Reconstruction and Development.

Underdeveloped

Refers to countries or regions with low levels of industrialization, infrastructure, and income per capita compared to other countries.

Developing Countries

Nations with a lower living standard, undeveloped industrial base, and low Human Development Index relative to other countries.