alleryStart learning →Impairment of an intangible is tested by applying which standard?
AAS 28 Impairment of Assets
BAS 5 Prior Period Items
CAS 26 Intangible Assets
DAS 10 Fixed Assets
Answer & Solution
Correct answer: A. AS 28 Impairment of Assets
AS 26 defers to the impairment standard for testing and measuring losses on intangible assets.
Keep practising AS 26 Intangible Assets
Browse all AS 26 Intangible Assets questions for CA Inter, or explore more Accounting topics.
Related questions
The cost of reorganising part of an enterprise is:Amortising an intangible over 25 years requires disclosing:Excess of enterprise market value over identifiable net assets is:Which of these is a common example of an intangible asset?An exclusive 30 year toll road right is expected to be used 30 years. Amortise over:Software of Rs 9 lakh, 3 year life, straight-line, nil residual. Value after 2 years?A patent costing Rs 12 lakh has an 8 year life and no third-party buy-back commitment. AnnWhether a mixed tangible-intangible asset is intangible depends on: