Which of the Following Situations Would Probably Not Result in an Asset

question 101

Multiple Choice

Which of the following situations would probably not result in an asset impairment?

• A) A city warehouse is damaged by fire.
• B) Recently purchased city-owned voting booths are rendered obsolete by a federal law requiring a new technology.
• C) Ridership on city buses declines.
• D) Construction on a municipal sports complex stops when the city's major league baseball team moves to another city.

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Definitions:

Triple Bottom Line

A sustainability framework that evaluates a company's performance based on three dimensions: social, environmental, and financial, encouraging businesses to look beyond profits.

Profits

The financial gain that a business makes after subtracting its expenses from its revenue, indicating the overall financial success and viability of the enterprise.

Marketing Objectives

Specific, measurable goals set by a company to guide its marketing strategies and efforts.

Decision-making Consistency

The extent to which a consumer or organization consistently applies the same criteria or processes when making choices.