alleryStart learning →In measuring value in use, greater weight should be given to:
AManagement's internal opinion
BLast year's actual results
CPast practice of the industry
DEvidence from external sources
Answer & Solution
Correct answer: D. Evidence from external sources
The standard asks that projections reflect reasonable assumptions with greater weight on external evidence than on internal views.
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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: