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Which of the following is NOT likely to be an indicator of possible asset impairment? Select one: a. evidence of obsolescence or physical damage b. the book value of the entity’s net assets is greater than the entity’s market capitalization c. a significant decrease in the asset's market value d. costs incurred for asset acquisition or operation are significantly lower than originally expected

Which of the following is NOT likely to be an indicator of possible asset impairment? Select one: a. evidence of obsolescence or physical damage b. the book value of the entity’s net assets is greater than the entity’s market capitalization c. a significant decrease in the asset's market value d. costs incurred for asset acquisition or operation are significantly lower than originally expected

Auditing: A Risk Based-Approach (MindTap Course List)
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter12: Auditing Long-lived Assets And Merger And Acquisition Activity
Section: Chapter Questions
Problem 7CYBK
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Which of the following is NOT likely to be an indicator of possible asset impairment?

Select one:
a. evidence of obsolescence or physical damage
b. the book value of the entity’s net assets is greater than the entity’s market capitalization
c. a significant decrease in the asset's market value
d. costs incurred for asset acquisition or operation are significantly lower than originally expected
 
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