If an Assets 'Value in Use' Exceeds Its Market Value

Multiple Choice

If an assets 'value in use' exceeds its market value then:

A) An entity should adjust the current carrying amount of the asset to book value.
B) It would be expected that the entity would dispose of the asset immediately.
C) An impairment loss will need to be recorded.
D) It would be expected that the entity would retain the asset.
E) No entry is required as cost is the only way to reliably value an asset.