Tom Ltd owns a truck to transport goods for its clients. The management of Tom Ltd is seeking advice on improving their internal procedures for impairment and revaluation testing of their trucks. Which of the following statement reflects the advice you would offer to the management of Tom Ltd? Unless there are significant volatile changes in the fair value of the trucks, Tom Ltd does not need to revalue their truck every financial year. Unlike intangibles, Tom Ltd does not need to make assessments on indications of impairment for their trucks every financial year. A decrease in market interest rates is an indicator that the trucks are impaired. Tom Ltd always needs to revalue their trucks every financial year