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A recoverability test for impairment Select one: A. establishes that the asset is impaired. B. only occurs when the asset is sold. C. identifies the

A recoverability test for impairment

Select one: A. establishes that the asset is impaired.

B. only occurs when the asset is sold.

C. identifies the write-up value.

D. is based on the discounted present value of the future cash flows from the asset.

E. requires SEC approval.

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