ACC 304 All Assignments ACC 304 All Assignments | Page 218

b. carrying amount and its fair value.
c. fair value and the expected future net cash flows.
d. book value and its fair value.
49. The recoverability test is used to determine any impairment loss
on which of the following types of intangible assets?
a. Indefinite life intangibles other than goodwill.
b. Indefinite life intangibles.
c. Goodwill.
d. Limited life intangibles.