Item$10$

Item $10$

How does the definition of asset impairment differ between IAS $36$ and U$.$S$.$ GAAP?

Multiple Choice

U$.$S$.$ GAAP does not consider selling price in determining impairment, but IAS $36$ does.

U$.$S$.$ GAAP considers cash flows in assessing value of continued use, but does not discount them, whereas IAS $36$ requires discounting in assessing asset impairment.

Asset impairment is more likely to occur under IAS $36$ than under U$.$S$.$ GAAP.

All of the above are differences between IAS $36$ and U$.$S$.$ GAAP.