Which of the following is not 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 current-period cash flow loss combined with a forecast of continuing losses associated with the use of an asset or asset group
D)a significant decrease in the market price of an asset or asset group

Question

Quizplus · Accepted Answer

A significant decrease in the purchase price of an asset or asset group scheduled to be acquired in the current period is not an impairment indicator. Impairment indicators pertain to assets that are already owned by the company and may have experienced a decline in their value.

Which of the Following Is Not an Impairment Indicator