AASB 136 defines the smallest identifiable group of assets that generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets as a:
A) class of assets.
B) asset portfolio.
C) value in use asset group.
D) cash-generating unit.

Question

Quizplus · Accepted Answer

AASB 136 defines the term "cash-generating unit" (CGU) as the smallest identifiable group of assets that generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. Therefore, choice D, cash-generating unit, is the best answer. Choices A, B, and C are incorrect.

AASB 136 Defines the Smallest Identifiable Group of Assets That