Which of the following is an impairment indicator for property, plant and equipment?
A) a significant decrease in the purchase price of an asset or asset group scheduled to be acquired in the current period
B) a significant adverse change in legal factors that could affect the value of the asset or asset group
C) a significant increase in the purchase price of an asset or asset group scheduled to be acquired in the current period
D) a significant increase in the market price of an asset or asset group

Question

Quizplus · Accepted Answer

A significant adverse change in legal factors could indicate that the asset's value has decreased, which is a potential impairment indicator.

Which of the Following Is an Impairment Indicator for Property