Which of the following is an impairment indicator?
A)a significant decrease in the purchase price of an asset or asset group scheduled to be acquired in the current period
B)a significant adverse change in legal factors that could affect the value of the asset or asset group
C)a significant increase in the purchase price of an asset or asset group scheduled to be acquired in the current period
D)a significant increase in the market price of an asset or asset group

Question

Quizplus · Accepted Answer

A significant adverse change in legal factors could indicate impairment of the asset or asset group. A decrease in purchase price or an increase in market price may not necessarily indicate impairment, and an increase in purchase price may not necessarily indicate impairment unless it is accompanied by other factors.

Which of the Following Is an Impairment Indicator