Which Statement Is True Regarding a Comparison of the U

Multiple Choice

Which statement is true regarding a comparison of the U.S. GAAP versus the IFRS impairment test for identifiable intangibles?

A) Impairment loss for limited life intangibles is generally higher for U.S. GAAP than for IFRS.
B) Impairment loss for indefinite life intangibles is generally the same for IFRS and U.S. GAAP.
C) Impairment loss for limited life intangibles is generally the same for IFRS and U.S. GAAP.
D) Impairment loss for indefinite life intangibles is generally higher for IFRS than for U.S. GAAP.