Which of the following is not an external indication of impairment? An unexpected decline in the asset's market value An undesirable change in the market in which the company operates The asset becoming idle due to discontinued operations An unfavorable technological change

Which of the following is not an external indication of impairment? An unexpected decline in the asset's market value An undesirable change in the market in which the company operates The asset becoming idle due to discontinued operations An unfavorable technological change

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 8CYBK

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Concept explainers

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

Question

Which of the following is not an external indication of impairment?
An unexpected decline in the asset's market value
An undesirable change in the market in which the company operates
The asset becoming idle due to discontinued operations
An unfavorable technological change

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