What Is True of an Impairment Reversal

question 26

Multiple Choice

What is true of an impairment reversal?

• A) It must exceed the original carrying amount net of amortisation
• B) The reversal occurs through profit or loss if the conditions that caused the impairment improve
• C) They are disallowed by Australian accounting standards
• D) The reversal must have been based on straight-line amortisation

---

Definitions:

Bowel Sounds

The noises made by the movement of the intestines as they push food through the gastrointestinal tract, typically heard with a stethoscope during a physical exam.

Vesicular Lung Sounds

Breath sounds normally heard over most lung fields, characterized by a soft, rustling quality associated with air moving through smaller airways.

Bronchovesicular Breath Sounds

Normal breath sounds heard over the central chest or back, indicating air moving through the larger airways.

Heart Sound

The sounds produced by the closing of heart valves and the flow of blood through the heart, often assessed with a stethoscope.