An example of an event where the book value of property, plant, and equipment may not be recoverable would include

Question

Quizplus · Accepted Answer

All the options listed (significant change in the way the asset is used, a current period operating loss, and a significant decrease in the fair value of the asset) are situations that could indicate that the book value of property, plant, and equipment may not be recoverable, suggesting impairment.

An Example of an Event Where the Book Value of Property