Which of the Following Best Describes the Nature of Assets

Multiple Choice

Which of the following best describes the nature of assets of held-for-sale operations?

A) Impairment testing based on most likely sale or disposal price.
B) Impairment testing if plants are closed or equipment is not used.
C) Lower of cost or market impairments, including an allowance for obsolescence.
D) Estimates and assumptions made in preparation of the estimate of income tax expense for the year.