Which of the following is not a likely indicator of possible asset impairment?
A) Evidence of obsolescence
B) A decrease in the asset's market value
C) Double the number of asset purchases over the prior year.
D) External competitive factors

Question

Quizplus · Accepted Answer

Asset impairment indicators typically include evidence of obsolescence, a decrease in market value, and external competitive factors, which can all negatively affect the asset's future cash flows. Doubling the number of asset purchases does not inherently indicate impairment; it could reflect business expansion or investment in new opportunities.

Which of the Following Is Not a Likely Indicator of Possible