If a Company Deems an Asset to Be Impaired,it Still

question 102

True/False

If a company deems an asset to be impaired,it still may not record an impairment loss.

---

Definitions:

Functional Products

Goods designed primarily for their utility and performance rather than their aesthetic qualities.

Achievement-motivated

A characteristic of individuals who are driven by a strong desire to accomplish significant goals, often seeking out challenges and demonstrating persistence.

Services

Intangible activities or benefits provided by one party to another, often in exchange for payment.

Success

The achievement of a set goal, objective, or target, often measured by specific criteria such as profit, market share, or personal fulfilment.