Which of the following is not a part of the impairment test of a significant asset?
A)determine the asset's carrying value
B)determine the asset's fair value less costs to dispose
C)determine the fair value of the cash-generating unit without the asset
D)determine the discounted value of the future cash flows expected to be derived from the asset

Question

Quizplus · Accepted Answer

The impairment test of a significant asset involves determining the carrying value of the asset, its fair value less costs to dispose, and the discounted value of the future cash flows expected to be derived from the asset. However, determining the fair value of the cash-generating unit without the asset is not a part of the impairment test of a significant asset.

Which of the Following Is Not a Part of the Impairment