Knowledge Check 01 Which of the following statements are true regarding potential impairment of intangible assets with indefinite lives? (Select all that apply) Check All That Apply A qualitative assessment must be undertaken at least annually This type of asset should be tested for moment whenever events or changes in creumerances indicate that it is more likely than not that the asset isimpaired A qualitative assessment must be undertaken at least annually This type of asset should be tested for impairment whenever events or changes in circumstances indicate that it is more likely than not that the asset is impaired. and are not If book value exceeds for value, an impairment loss is recognized for the difference Recovery of Impalement losses are permitted for this type of asset Knowledge Check 01 Which of the following statements are true regarding potential impairment of intangible assets with indefinite lives? (Select all that apply) Check All That Apply A qualitative assessment must be undertaken at least annually This type of asset should be tested for moment whenever events or changes in creumerances indicate that it is more likely than not that the asset isimpaired A qualitative assessment must be undertaken at least annually This type of asset should be tested for impairment whenever events or changes in circumstances indicate that it is more likely than not that the asset is impaired. and are not If book value exceeds for value, an impairment loss is recognized for the difference Recovery of Impalement losses are permitted for this type of asset