IFRS requires determination of an impairment loss for goodwill ________.
A) when the fair value of the cash-generating unit (including goodwill) is greater than the book value of its net assets (including goodwill)
B) when the book value of the cash-generating unit including goodwill is greater than its recoverable value
C) annually
D) whenever there are significant impairment indicators

Question

Quizplus · Accepted Answer

The Answer of IFRS requires determination of an impairment loss for goodwill ________.
A) when the fair value of the cash-generating unit (including goodwill) is greater than the book value of its net assets (including goodwill)
B) when the book value of the cash-generating unit including goodwill is greater than its recoverable value
C) annually
D) whenever there are significant impairment indicators

IFRS Requires Determination of an Impairment Loss for Goodwill ________