Which of the following is not a circumstance indicating potential impairment of intangible assets?
A)A change in circumstances,such as the legal environment or business climate,that could affect the asset's value.
B)An accumulation of costs that are significantly in excess of the amount originally expected to be needed to acquire or construct the asset.
C)The asset generates just as much cash flow as in the past.
D)Losses or projections indicating continuing losses associated with an asset used to generate revenue.

Question

Quizplus · Accepted Answer

If an intangible asset is generating just as much cash flow as in the past, it indicates that the asset is still contributing to the company's revenue and is not impaired. The other options indicate circumstances that may indicate potential impairment of intangible assets.

Which of the Following Is Not a Circumstance Indicating Potential