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When should an entity conduct an impairment test

Assignment Help Financial Accounting
Reference no: EM132595855

Question 1: What is an impairment test?

Question 2: Why is an impairment test considered necessary?

Question 3: When should an entity conduct an impairment test?

Question 4: What are some external indicators of impairment?

Question 5: What are some internal indicators of impairment?

Question 6: What is meant by recoverable amount?

Reference no: EM132595855

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