Which of the Following Best Describes the Nature of Discontinued

question 76

Multiple Choice

Which of the following best describes the nature of discontinued assets?

• A)Impairment testing based on most likely sale or disposal price.
• B)Impairment testing only if plants are closed or equipment is not used.
• C)Lower of cost or market impairments,including an allowance for obsolescence.
• D)Estimates and assumptions made in preparation of the estimate of income tax expense for the year.

---

Definitions:

Electricity Usage

The amount of electrical energy consumed by a household, business, or device.

Fuel Efficiency

A measure of how effectively a vehicle uses fuel, often expressed in miles per gallon (mpg) or liters per 100 kilometers (l/100km).

Scatterplot

A type of graph used in statistics to display values for typically two variables for a set of data, showing the relationship between them.

Gas Mileage

A measure of a vehicle's fuel efficiency, typically represented as miles per gallon (MPG).