Question: Exhibit 16A. 1 presents a decision tree for impairments of investing assets under U. S. GAP. Detail the deci-sions and judgments that you must make

Exhibit 16A. 1 presents a decision tree for impairments of investing assets under U. S. GAP. Detail the deci-sions and judgments that you must make when determining whether an investing asset has been impaired and, if so, the amount of impairment. Provide explanations as necessary. Is the area of investing asset impair-ments more of an objective or subjective area of financial reporting?

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