Question
Which of the following statements in relation to assessing E&E assets for impairment is correct? a. AASB 6/IFRS 6 allows E&E assets to be tested
Which of the following statements in relation to assessing E&E assets for impairment is correct?
a. AASB 6/IFRS 6 allows E&E assets to be tested for impairment at the individual asset level. | ||
b. AASB 6/IFRS 6 does not allow the reversal of impairment write-downs made against E&E assets. | ||
c. The level at which and E&E asset is tested for impairment may consist of one or more cash-generating units. | ||
d, AASB 6/IFRS 6 allows the cash-generating unit or group of cash-generating units to which an E&E asset is allocated to be larger than a segment determined in accordance with IFRS 8. |
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