Which of the Following Is a CORRECT Statement About Long-Term

question 168

Multiple Choice

Which of the following is a CORRECT statement about long-term asset impairment?

• A)An asset is impaired if the net book value is less than the expected future cash flows.
• B)If an asset is impaired,the expected future cash flows will exceed the fair value of the asset.
• C)Under U.S.GAAP,an asset that has been written down because of impairment can be written back up if it increases in value in the future.
• D)If an asset is impaired,the impairment loss is the difference between the net book value and the fair value.

Recognize the concept of "New Leadership" and its focus on social phenomena and the role of followership.

Identify assumptions about leadership traits and the importance of certain qualities for successful leaders.

Understand the significance and growth of followership research within leadership studies.

Comprehend the implications of 360-degree feedback and personality indicators in leadership evaluation.

---

Definitions:

Average Accounting Return

A measure of investment profitability calculated as the average annual net earnings of a project divided by the average investment in the project.

Straight-Line Method

An accounting method for allocating the cost of an asset evenly over its useful life.

Cost of Capital

The obligatory profit percentage a corporation needs to achieve on its investments to keep its market share and attract investors.

IRR

Internal Rate of Return; a financial metric used to evaluate the profitability of investments, representing the discount rate that makes the net present value (NPV) of all cash flows equal to zero.