Multiple Choice
On June 2, 2011, Lindt Inc.Purchased a trademark with a cost €9,440,000.The trademark is classified as an indefinite-life intangible asset.At December 31, 2011 and December 31, 2012, the following information is available for impairment testing: 
The 2012 income statement will report
A) no Impairment Loss or Recovery of Impairment.
B) Impairment Loss of €90,000.
C) Recovery of Impairment of €90,000.
D) Recovery of Impairment of €200,000.
Correct Answer:
Verified
Correct Answer:
Verified
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