Testing Intangible Assets with Indefinite Useful Lives for Impairment

Multiple Choice

Testing intangible assets with indefinite useful lives for impairment:

A) occurs every year.
B) occurs when only there has been an indication of an impairment in the value of the asset such as a reduction in cash flow generation, idle assets, etc.
C) never occurs because the asset has an indefinite useful life.
D) whenever required by the company's auditors.