Which of the following is not a required disclosure requirement for long-term asset impairment under both U.S. GAAP and IFRS?
A) the events and circumstances that led to the recognition of the impairment
B) the method used to estimate the fair value of the asset
C) the amount of any impairment loss reversal if not separately disclosed in the income statement
D) the asset that was impaired

Question

Quizplus · Accepted Answer

The amount of any impairment loss reversal is not a required disclosure requirement for long-term asset impairment under both U.S. GAAP and IFRS.

Which of the Following Is Not a Required Disclosure Requirement