alleryStart learning →A corporate asset is tested alone only if management:
AHas decided to dispose of it
BHas revalued the asset upward
CHas leased it to a third party
DHas fully depreciated the asset
Answer & Solution
Correct answer: A. Has decided to dispose of it
A corporate asset earns no separate inflows, so it is tested through its unit unless a decision to dispose of it has been taken.
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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: