Which of the Following Statements in Relation to Assessing E&E

question 13

Multiple Choice

Which of the following statements in relation to assessing E&E assets for impairment is correct?

• A) The level at which and E&E asset is tested for impairment may consist of one or more cash-generating units
• B) IFRS 6 allows the cash-generating unit or group of cash-generating units to which an E&E asset is allocated to be larger than a segment determined in accordance with IFRS 8.
• C) IFRS 6 allows E&E assets to be tested for impairment at the individual asset level
• D) IFRS 6 does not allow the reversal of impairment write-downs made against E&E assets

---

Definitions:

Pleasure

A state of feeling happy, satisfied, or enjoyable.

Sole Good

The concept in ethics that there is only one ultimate value or good towards which all actions are directed.

Good

That which is morally right, beneficial, or of high quality.

Evil

A moral wrong or wickedness that is often regarded as a profound immorality.