AASB 136 proposes factors that may indicate the existence of asset impairment.Which of the following is not one of those factors?
A) Evidence of obsolescence or physical damage to an asset
B) Changes in interest rates that would reduce fair value calculations involving future cash flows
C) The carrying amount of net assets exceeds the entity's market capitalisation
D) None of the above, i.e., all are factors that may indicate the existence of impairment
Correct Answer:
Verified
Q26: Assume that an asset was bought at
Q27: An asset should be depreciated over its:
A)
Q28: What is the meaning of the word
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Q30: AASB 136 requires that assets are carried
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Q33: Which statement concerning depreciation is correct?
A) Land
Q35: An impairment loss results when the _
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