Question: Current Attempt in Progress Various events and changes in circumstances might lead to the impairment of a long - lived asset, including the following: a
Current Attempt in Progress
Various events and changes in circumstances might lead to the impairment of a longlived asset, including the following:
a significant decrease in an asset's market value.
a significant change in the extent or manner in which an asset is used.
a significant adverse change in legal factors or in the business climate that affects an asset's value.
All of the above situations mav indicate impairment.
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