under the direct weitenoff method which of the following is NOT acceptable method of wstimating the amount of bad debt expense

QUESTION 4 Regarding impairment of intangible assets, which of the following statements is incorrect? Intangible assets are impaired when there has been a permanent decline in the value of the asset. Intangible assets with an indefinite life are tested for impairment annually. Impairment occurs when the fair value of an intangible asset is less than the book value. If any impairment occurs, the company records a loss in the period in which the intangible asset was acquired