Which of the following assets generally is required to be tested at least annually for impairment?
A) Machinery
B) Patent
C) Goodwill
D) Copyright

Question

Quizplus · Accepted Answer

Goodwill is commonly required to be tested annually for impairment, as it is an intangible asset that can fluctuate in value based on various external and internal factors. Machinery, patents, and copyrights may not necessarily require annual impairment testing unless there are indications of impairment.

Which of the Following Assets Generally Is Required to Be