An operational asset should be written down if there has been an impairment of value that is:
A)Relevant and objectively determined.
B)Material and market driven.
C)Unplanned and sudden.
D)Significant.

Question

Quizplus · Accepted Answer

An operational asset should be written down if there is a significant impairment of value, as this indicates a substantial decrease in the asset's recoverable amount compared to its carrying amount.

An Operational Asset Should Be Written Down If There Has