ASPE Requires That Assets Must Be Assessed for Indications of Impairment

question 55

Multiple Choice

ASPE requires that assets must be assessed for indications of impairment

• A) at the end of each reporting period.
• B) at the end of every quarter.
• C) when events and circumstances indicate that asset's carrying amount may not be recoverable.
• D) whenever the method of depreciation has changed.