CFA Practice Question

There are 520 practice questions for this study session.

CFA Practice Question

Which of the following would be a circumstance that would lead to the impairment of a long-term asset?
A. Any change in the legal or business environment
B. Significant decreases in the market value of the asset
C. Current period operating or cash flows that are smaller than in previous periods
Explanation: Significant decreases in the market value of the asset will lead to an impairment of that asset, which must be written down.

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