Property, plant, and equipment are considered impaired if the carrying amount exceeds the asset's
A) depreciation expense.
B) fair value.
C) recoverable amount.
D) accumulated depreciation.

Question

Quizplus · Accepted Answer

Property, plant, and equipment are considered impaired if their carrying amount exceeds the recoverable amount, which is the higher of an asset's fair value less costs to sell and its value in use.

Property, Plant, and Equipment Are Considered Impaired If the Carrying