According to AASB 136 Impairment of Assets,which of the Following

question 7

Multiple Choice

According to AASB 136 Impairment of Assets,which of the following indicators assist in providing external evidence that an impairment loss has reversed?

• A)Market interest rates have increased during the period.
• B)Significant changes with an adverse effect on the entity have taken place.
• C)Market interest rates have decreased during the period.
• D)Internal reporting sources indicate that the economic performance of the asset will not be as good as expected.

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Definitions:

Poverty Threshold

The minimum level of income deemed necessary to achieve an adequate standard of living in a given country or region; a measure used to identify those in poverty.

Market Situation

The current condition of a marketplace, determined by factors like supply, demand, and economic indicators.

Market Value

The current price at which an asset or service can be bought or sold in a marketplace.

Family History

The study of the lineage and history of families, including genealogy, inherited traits, and shared heritage.