If a company deems an asset to be impaired,it still may not record an impairment loss.

Question

Quizplus · Accepted Answer

A company may determine that an asset is impaired, but it may choose not to record an impairment loss if the impairment is considered temporary or if the carrying amount of the asset is still greater than the estimated future cash flows associated with it. However, if the impairment is considered to be permanent, the company must record an impairment loss.

If a Company Deems an Asset to Be Impaired,it Still