What Is the Name Given to the Higher of an Asset's

question 40

Multiple Choice

What is the name given to the higher of an asset's fair value less costs to sell, and its value in use?

• A) recoverable amount
• B) carrying amount
• C) fair value amount
• D) written down value

---

Definitions:

Systematics

The scientific study of the diversity of organisms and their evolutionary relationships. Taxonomy is an aspect of systematics. See taxonomy.

Binomial

A mathematical expression consisting of two terms joined by a plus or minus sign, or a system of nomenclature involving two names to classify species.

Cladogram

A diagram that depicts the evolutionary relationships among groups of organisms, showing how evolutionary lineages branched off from common ancestors.

Phyla

Major taxonomic groups into which organisms are classified, based on common characteristics and genetic lineage.