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- IAS 36 – Impairment of Assets 0%
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Question 1 of 10
1. Question
The ability of an intangible asset to generate sufficient future economic benefits to recover its carrying amount is usually subject to greater uncertainty before the asset is available for use than after it is available for use.
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Question 2 of 10
2. Question
Which of the following does not indicate that an asset may be impaired?
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Question 3 of 10
3. Question
The existence of which of the following in the entity’s internal reporting does indicate that an asset may be impaired?
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Question 4 of 10
4. Question
An entity does not have to make a formal estimate of an asset’s recoverable amount if market interest rates have increased during the period, provided that the asset has a long remaining useful life.
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Question 5 of 10
5. Question
Which of the following shall be reflected in the calculation of an asset’s value in use?
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Question 6 of 10
6. Question
Usually, management’s estimates of future cash flows are based on the most recent budgets/forecasts for a maximum of __________ years.
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Question 7 of 10
7. Question
Which of the following shall not be included in estimates of future cash flows?
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Question 8 of 10
8. Question
Estimates of future cash flows may include estimated future cash inflows or outflows that are expected to arise from a future restructuring to which an entity is not yet committed.
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Question 9 of 10
9. Question
The estimate of net cash flows to be received for the disposal of an asset at the end of its useful life shall be the amount that an entity expects to obtain from the disposal of the asset in an arm’s length transaction between knowledgeable, willing parties, __________.
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Question 10 of 10
10. Question
Which of the following factors does fair value reflect?
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