Impairments are

Question $15$ options:

$1)$

based on discounted cash flows for securities$.$

$2)$

recognized as a realized loss if the impairment is judged to be temporary.

$3)$

based on fair value for available$-$for$-$sale investments and on negotiated values for held$-$to$-$maturity investments.

$4)$

evaluated at each reporting date for every investment.