Applying IFRS, the Test for an Impairment Loss for Long-Lived

question 129

Multiple Choice

Applying IFRS, the test for an impairment loss for long-lived assets other than nonamortized intangibles and goodwill compares the balance sheet carrying value with the asset's

• A)recoverable amount.
• B)sum of the undiscounted cash flows.
• C)sum of the discounted cash flows.
• D)expected future value.
• E)fair market value.