Impairment Review Process

Performance of a machine dropped from 10,000 units to 6,000 units will be the indicator to do impairment review?

• TRUE

• FALSE

Machine in a factory that always shutdown will be the internal sources for impairment review?

• TRUE

• FALSE

Carrying amount for asset is equal to cost of asset minus accumulated depreciation.

• TRUE

• FALSE

If fair value for asset is RM50,000, and the cost for dismantling is RM5,000, FVLCTS is equal to RM50,000.

• TRUE

• FALSE

Carrying amount is RM15,000, Fair value less cost to sell is RM12,000 and the value in use is RM9,000, so the impairment loss is RM3,000.

• TRUE

• FALSE