Which of the Following Is Correct with Respect to the "Impairment

question 89

Multiple Choice

Which of the following is correct with respect to the "impairment loss"?

• A)It is defined as the carrying amount less recoverable amount under IFRS.
• B)It is defined as the carrying amount less recoverable amount under ASPE.
• C)Under IFRS, it is defined as the sum of the undiscounted cash flows expected from use of the asset.
• D)Under ASPE, it is defined as the sum of the undiscounted cash flows expected from use of the asset.