Answered

At Westonci.ca, we provide reliable answers to your questions from a community of experts. Start exploring today! Experience the ease of finding precise answers to your questions from a knowledgeable community of experts. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

an impairment loss related to indefinite-life intangible assets is measured as the difference between book value and another measure. match the correct measure with the appropriate accounting standard.

Sagot :

tutorconsortium122

An impairment loss related to indefinite-life intangible assets is measured as the difference between book value and  its fair value.

Impairment of intangible assets:

  • The gap between an asset's carrying value and its recoverable value is known as an impairment loss. The idea behind assessing and documenting asset impairment is to make sure that no asset is carried at a value that is higher than its recoverable value.  It is the highest price an asset is anticipated to bring in from either usage or sale.
  • Therefore, it only makes sense to write down an asset to its recoverable amount in the books of an organisation if its carrying amount is higher than its recoverable amount because to do otherwise would be to misrepresent the situation.
  • Therefore, if an asset's carrying amount exceeds its recoverable value, an impairment loss must be recorded.

To learn more about Impairment of intangible assets refer to :

https://brainly.com/question/29743981

#SPJ4

We appreciate your time. Please revisit us for more reliable answers to any questions you may have. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.