Under USGAAP and IFRS Reporting Standards, Management Assesses the Firm's Assets

Multiple Choice

Under U.S.GAAP and IFRS reporting standards, management assesses the firm's assets for impairment at each reporting date by determining if impairment indicators are present.Impairment indicators include

A) the decline in the market value of an asset significantly beyond what would be expected because of use or the passage of time.
B) significant adverse changes in the entity's technological environment.
C) significant adverse changes in the entity's economic environment.
D) significant adverse changes in the entity's legal environment.
E) all of the above