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balu736 [363]
3 years ago
6

US GAAP and IFRS differ on treatment of impairment of tangible assets as follows:

Business
1 answer:
erik [133]3 years ago
7 0

Answer:

A. IFRS, tangible assets are tested only when factors suggest impairment.

Explanation:

The tested of the tangible assets would be based on some kind of changes that are change in the market value, chnage in the technology, rise or reduction in the rate of interest in the market etc

In addition to this, the intangible assets such as goodwill would be testes on annually basis

Therefore the first option is correct

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The truth about open-end mutual funds is that they <span>are bought or sold at their net asset value.

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Customers who owned Nintendo’s 8-bit video game console were unable to play the same games on the firm’s new 16-bit Super Ninten
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Who is responsible for the actual performance of service tests and periodic inspection of fire detection and alarm systems
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Owner is only responsible.

Owner

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A step-wise variable cost can be separated into a fixed component and a variable component.a. Trueb. False
jeka94

Answer:

The correct answer is FALSE

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Large loans for shopping centers are most likely to be made by
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Large loans for shopping centers are most likely to be made by the bank funding the shopping center. When a person or the city/town decides to add a shopping center, the contract is drawn up and there is a bank funding the large loans. These loans are issued by the bank to help fund large projects to the city/town.

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