USGAAP Does Not Permit Subsequent Reversals of Impairment Losses for Finite-Life

question 53

True/False

U.S.GAAP does not permit subsequent reversals of impairment losses for finite-life intangible assets.

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Definitions:

Discounted Payback Period

The time it takes to break even from an investment based on the present value of its cash flows.

Projects

Specific tasks or endeavors undertaken by individuals or organizations to achieve particular goals, often involving a series of planned actions or steps.

Payback

Payback period refers to the time it takes for an investment to generate enough cash flow to recover its initial cost.

Profitability Index

is a capital budgeting tool that measures the relationship between the present value of cash flows and the initial investment, indicating the value created per dollar invested.