Under IFRS, an intangible asset is considered to be impaired if it carrying value is greater than its recoverable amount. The recoverable amount is Its net selling price The greater of its net selling price or its value in use Its historical cost The lesser of its net selling price or its value in use
Under IFRS, an intangible asset is considered to be impaired if it carrying value is greater than its recoverable amount. The recoverable amount is Its net selling price The greater of its net selling price or its value in use Its historical cost The lesser of its net selling price or its value in use
Chapter13: Property Transact Ions: Determination Of Gain Or Loss, Basis Considerations, And Nontaxable Exchanges
Section: Chapter Questions
Problem 4BCRQ
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![Under IFRS, an intangible asset is considered to be impaired if it carrying value is greater than its recoverable
amount. The recoverable amount is
Its net selling price
The greater of its net selling price or its value in use
Its historical cost
The lesser of its net selling price or its value in use](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F328a836c-cd7b-454a-ace1-d93be5121818%2F94b25975-dce5-4cfe-a151-ffe879b78581%2Fnu7d3os_processed.png&w=3840&q=75)
Transcribed Image Text:Under IFRS, an intangible asset is considered to be impaired if it carrying value is greater than its recoverable
amount. The recoverable amount is
Its net selling price
The greater of its net selling price or its value in use
Its historical cost
The lesser of its net selling price or its value in use
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