The Impairment Test for an Intangible Asset with an Indefinite

Multiple Choice

The impairment test for an intangible asset with an indefinite life compares the

A) fair value of the asset to its book value.
B) sum of the undiscounted cash flows expected to be generated by the asset to its book value.
C) sum of the discounted cash flows expected to be generated by the asset to its fair value.
D) sum of the undiscounted cash flows expected to be generated by the asset to its fair value.