Question
Under ___________, an asset is tested for impairment only when events and circumstances indicate the firm may not be able to recover the carrying value
Under ___________, an asset is tested for impairment only when events and circumstances indicate the firm may not be able to recover the carrying value through future use. Select one:
a. IFRS
b. US GAAP
c. Both a and b
d. None of the above
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Business Analysis And Valuation Using Financial Statements Text And Cases
Authors: Krishna G. Palepu, Paul M. Healy, Victor L Bernard
3rd Edition
0324118945, 9780324118940
