14) Under IFRS, the smallest identifiable group of assets that provides cash inflows is called a A) reporting unit B) operating unit C) cash-providing unit D) cash-generating unit 15) Which of the following is nor a part of the impairment test of a significant asset? A) determine the asset's carrying value B) determine the asset's fair value less costs to dispose C) determine the fair value of the cash-generating unit without the asset D) determine the discounted value of the future cash flows expected to be derived from the asset 16) Value in use of a long-life asset is A) the greater of its recoverable value or its fair value less cost to sell B) the lesser of its recoverable value or its fair value less cost to sell C) the undiscounted cash flows from use of the asset D) the discounted cash flows from use of the asset 17) Under IFRS, the impairment loss on a significant asset is the difference between the carrying value of the asset and A) the recoverable amount of the asset B) the fair value of the asset C) the value in use of the asset D) the lesser of the fair value of the asset and its value in use 18) Under IFRS, the recoverable value of an asset is A) the greater of the asset's estimated replacement value and its value in use B) the greater of the asset's estimated net fair value and its value in use C) the lesser of the asset's estimated replacement value and its value in use D) the lesser of the asset's estimated net fair value and its value in use duction machinery at a cost of 410,000, which now has a book value of 190,000. The undiscounted cash flows from use of the machinery is 175,000. and it's fair loss on impairment? A) 35,000 B) 20,000 C) 15,000 D) 0