Useful methods to evaluate asset impairment of long-lived assets usually would not include which of the following?
A)current market values of similar assets.
B)estimated future economic benefits to be derived from the asset.
C)an independent assessment of the value of the asset.
D)all of the above are useful in valuing impairment.

Question

Quizplus · Accepted Answer

All of the above methods are useful in evaluating asset impairment of long-lived assets. Current market values of similar assets, estimated future economic benefits to be derived from the asset, and an independent assessment of the value of the asset are all valuable tools in determining whether an asset has been impaired and if so, by how much. Therefore, choice D is the correct answer.

Useful Methods to Evaluate Asset Impairment of Long-Lived Assets Usually