WebAug 28, 2013 · Which of the following is not an external indication of impairment? 1. An unexpected decline in the asset's market value2. The asset becoming idle3. An adverse technological change4. An adverse change in the market in which the entity operates Team Management Financial Accounting Internal Audit Financial Management Financial … WebApr 25, 2024 · What indicators of impairment should management consider? Solution Specific indicators relevant to the pharmaceutical entity include: development of a competing drug; changes in the legal framework covering patents, rights or licences; failure of the drug’s efficacy after a mutation in the disease that it is supposed to treat;

IAS 36 — Impairment of Assets - IAS Plus

WebMar 24, 2014 · Following are the external indicators which may reflect the existence of impairment loss: Sudden fall in market value Technological, economic or legal changes … WebJul 7, 2024 · Indicators of impairment of asset. IAS 36 outlines minimum indicators using both external and internal sources of information. However, they are not exhaustive. setting up a dba in south carolina

Workplace Impairment - National Safety Council

WebThere are external indicators that an impairment trigger has taken place. At each reporting date (this includes the half-year), an entity is required to assess whether there is any indication of impairment. This includes goodwill and indefinite life intangibles. WebWhich of the following is an external indication of impairment? Select one: a. Management commitment to undergo a restructuring b. Ongoing losses c. Damage to an asset d. Decline in market value Previous question Next … WebImpairment loss is the amount by which the carrying amount of an asset or a cash-generating unit exceeds its recoverable amount. Carrying amount is the amount at which an asset is recognized after deducting any accumulated depreciation (amortization) and accumulated impairment losses thereon. INDICATION OF IMPAIRMENT setting up a dba