What are some external indicators of impairment

Assignment Help Accounting Basics

Reference no: EM132892571

1. What is an impairment test?

2. Why is an impairment test considered necessary?

3. When should an entity conduct an impairment test?

4. What are some external indicators of impairment?

5. What are some internal indicators of impairment?

6. What is meant by recoverable amount?

7. How is an impairment loss calculated in relation to a single asset accounted for?
What are the limits to which an asset can be written down in relation to impairment losses?

8. What is a cash-generating unit (CGU)?

9. How are impairment losses accounted for in relation to cash-generating units?

10. Are there limits in adjusting assets within a cash generating unit when impairment losses occur?

Reference no: EM132892571

Questions Cloud

What are consumers perceptions of brand in terms of familiar : 1.What are consumers' perceptions of each brand in terms of familiarity, uniqueness, relevance, popularity, cost, and quality?

How is international business being impacted from investment : -How is international business being impacted from an investment, trading, cultural and foreign exchange perspective?

Discuss the concept of cloud computing : 1) Discuss the concept of "Cloud Computing" providing new Web infrastructure, with respect to its impact on Global e-Business Management.

Think it security governance-decision framework : Do you think IT Security Governance -Decision Framework can help company in providing close to 100% security? Is it used in your company?

What are some external indicators of impairment : What are some external indicators of impairment and What are the limits to which an asset can be written down in relation to impairment losses?

What is the yield to maturity-bond traders inc : Bond Traders Inc. has a bond issue outstanding that pays an 8.5% coupon and matures in 18.5 years. The bonds have a par value of R1,000,000 and a market price o

Intangible asset in the accounts of flash ltd : Which of these should be included as an intangible asset in the accounts of Flash Ltd?

What are the key characteristics of an intangible asset : What are the key characteristics of an intangible asset and How do the principles for amortisation of intangible assets differ from those for depreciation

Compute depreciation expense at December : Compute depreciation expense at December 31 for both the first year and second year assuming the company uses the double-declining-balance method

User Account

All Pages