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Under U.S. accounting rules (generally accepted accounting principles), an asset is impaired when: O The asset's market value is less than the book value O

Under U.S. accounting rules (generally accepted accounting principles), an asset is impaired when: O The asset's market value is less than the book value O The asset's future cash inflows are less than the book value The asset's fair value is less than the book value O The asset's cost is less than the book value

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