If the Recoverable Amount of a Cash-Generating Unit Exceeds Its

question 39

Multiple Choice

If the recoverable amount of a cash-generating unit exceeds its carrying amount:

• A)the carrying amount must be increased to the recoverable amount.
• B)there is no impairment loss.
• C)the carrying amount must be decreased to the fair value.
• D)there is an impairment loss.

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Definitions:

Facts and Figures

Objectively verifiable data and statistics that are used for reference or analysis.

Collected

Pertains to data or information that has been gathered for the purpose of analysis or study.

Analyzed

Examined carefully and in detail so as to identify causes, key factors, possible results, etc.

Summarized

The process of presenting data or information in a condensed form, highlighting key findings or patterns.