Which of the Following Statements Is Not a Safeguard Against

question 186

Multiple Choice

Which of the following statements is not a safeguard against the failure of hardware?

• A)surge protectors
• B)fault-tolerant computers
• C)device-tracking apps
• D)UPS

---

Definitions:

AASB 136

The Australian Accounting Standards Board standard related to the impairment of assets, requiring testing for impairment to ensure asset values are not overstated.

Impairment Losses

Financial write-downs recognized when the carrying amount of an asset exceeds its recoverable amount, indicating that the asset has suffered a decline in value that is not recoverable.

Accumulated Impairment

The total sum of impairment losses recognized on an asset, reducing its carrying amount on the balance sheet.

Impairment Losses

Impairment losses are accounted for when the carrying value of an asset exceeds its recoverable amount, indicating that the asset is not expected to generate sufficient future economic benefits.