E&E assets are required to be tested for impairment:
A) when there is an indication that the assets may be impaired
B) at least annually
C) only where commercially feasible reserves are not found through the E&E activities
D) prior to reclassification at the end of E&E activities

Question

Quizplus · Accepted Answer

E&E assets are required to be tested for impairment when there is an indication that the assets may be impaired. This is in accordance with International Financial Reporting Standards.

E&E Assets Are Required to Be Tested for Impairment