Question: Under U . S . accounting rules ( generally accepted accounting principles ) , an asset is impaired when: The asset's future cash inflows are

Under U.S. accounting rules (generally accepted accounting principles), an asset is impaired when:
The asset's future cash inflows are less than the book value
The asset's fair value is less than the book value
The asset's cost is less than the book value
The asset's market value is less than the book value
Under U.S. accounting rules (generally accepted accounting principles), an asset is

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