The FASB and GASB Both Have Standards for Reporting Capital

Multiple Choice

The FASB and GASB both have standards for reporting capital asset impairment but with different results. Which of the following is not one of the three methods required by the GASB or the FASB for calculating the impairment of capital assets?

A) Cost to restore the service utility of an asset
B) Difference between the sums of discounted cash flows that are expected to be received
From using an impaired asset compared to that asset's fair value
C) Comparing the service units the asset could have provided before its impairment compared
To after its impairment
D) Difference between the estimated costs to buy an impaired asset in its current condition versus the entity's carrying cost of the asset before impairment