Ketchinaprev Ketchinaprev

23-07-2021
Physics

contestada

Which of the following statements are true when it comes to impairment?

Respuesta :

29-07-2021

Answer:

Reduction in recoverable amount

Explanation:

Impairment of an asset happens when there is drastic reduction in recoverable amount of the asset. Long term assets are at risk of impairment because their carrying values may exceed the fair value. The business record it as a loss in assets value.

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