alleryStart learning →Cash-generating units should be identified:
AAfresh each year at management's choice
BBy the statutory auditor each year
COnly at the time of acquisition
DConsistently from period to period
Answer & Solution
Correct answer: D. Consistently from period to period
Consistency is required for the same asset or types of assets unless a change is justified.
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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: