An asset may be considered impaired if either the decline in the service utility is unexpected or the amount of the decline in service utility is large.

Name: An asset may be considered impaired if either the decline in the service utility is unexpected or the amount of the decline in service utility is large.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

An impairment is deemed to exist if both of the following factors are present: 1) the decline in the service utility is unexpected and 2) the amount of the decline in service utility is large.

An Asset May Be Considered Impaired If Either the Decline