alleryStart learning →Corporate assets are assets other than goodwill that:
AContribute to cash flows of several units
BAre owned jointly by group companies
CAre carried at revalued amounts only
DGenerate inflows independent of others
Answer & Solution
Correct answer: A. Contribute to cash flows of several units
Corporate assets such as a head office serve several units at once, so they cannot be tied wholly to one cash generating unit.
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Related questions
An enterprise applying AS 17 discloses impairment losses by:A revalued asset's market value basis and negligible disposal costs mean the asset is:For a small and medium-sized company, value in use may be measured by:Impairment of deferred tax assets is dealt with under:Disclosing key assumptions is:If recoverable amount is value in use, a material loss disclosure includes:A class of assets under AS 28 means a grouping of assets of:AS 28 disclosures of impairment losses are required for each: