Huyền 31211022916 - Ngô Nhung 

Nhà của tôi  Các khoá học của tôi  KTQT1-EN-S5-B1-408- NXH  Topic 3. Impairment  Quizzes - Topic 3: Impairment of asset

Bắt đầu vào lúc Sunday, 29 October 2023, 10:04 AM

Trạng thái Đã xong
Kết thúc lúc Sunday, 29 October 2023, 10:07 AM
Thời gian thực hiện 2 phút 28 giây
Điểm 20,00/20,00
Điểm 10,00 trên 10,00 (100%)

Câu Hỏi 1 Hoàn thành Đạt điểm 1,00 trên 1,00

When a cash-generating unit has an impairment loss, the loss must first be applied to…

Select one:
a. on the entire cash generating unit on a pro-rata basis
b. goodwill
c. against all assets on a pro-rata basis
d. any assets obviously impaired

Câu Hỏi 2 Hoàn thành Đạt điểm 1,00 trên 1,00

Which of the following is not covered by IAS 36 – Impairment?

Select one:
a. Motor Vehicles
b. Property, Plant and Equipment
c. Inventory
d. Intangible assets

Câu Hỏi 3 Hoàn thành Đạt điểm 1,00 trên 1,00

The present value of expected future cash flows generated by an asset, plus its expected disposal value is called…

Select one:
a. Net present value
b. Value in use
c. Fair value
d. Market value

Câu Hỏi 4 Hoàn thành Đạt điểm 1,00 trên 1,00

In measuring Value in Use, the discount rate used for discounting the cash flows should be the….

Select one:
a. Post-tax rate that reflects the entity’s assessment of time value of money and risks specific to the asset
b. Pre-tax rate that reflects the market assessment of time value of money and risks specific to the asset
c. Pre-tax rate that reflects the market assessment of time value of money and risks specific to the entity’s competitors
d. Pre-tax rate that reflects the entity’s assessment of time value of money and risks specific to the asset
Câu Hỏi 5 Hoàn thành Đạt điểm 1,00 trên 1,00

IAS 36 presumes that budgets and forecasts while arriving at cash flow projections should be…

Select one:
a. not more than five years
b. not more than ten years
c. more than ten years
d. not more than three years

Câu Hỏi 6 Hoàn thành Đạt điểm 1,00 trên 1,00

Under IAS 36, when it is not possible to calculate the recoverable amount of a single asset, what should be done?

Select one:
a. A disclosure should be provided in the notes to the financial statements
b. The value should remain unchanged
c. The recoverable amount of its cash generating unit should be calculated
d. A rough estimate should be provided

Câu Hỏi 7 Hoàn thành Đạt điểm 1,00 trên 1,00

The carrying amount of an asset is defined under IAS 36 as…

Select one:
a. The amount at which an asset is recognised after deducting any accumulated depreciation and accumulated impairment losses
b. The amount at which an asset is recognised after deducting any accumulated depreciation and adding back any accumulated impairment losses
c. The amount at which an asset is recognised after adding any accumulated depreciation and accumulated impairment losses
d. The amount at which an asset is recognised after adding any revaluation gains and accumulated impairment losses

Câu Hỏi 8 Hoàn thành Đạt điểm 1,00 trên 1,00

An asset is said to be impaired if…

Select one:
a. Its recoverable amount exceeds its carrying amount
b. Its carrying amount exceeds its recoverable amount
c. Its carrying amount exceeds its net discounted cash inflows
d. Its carrying amount is less than its market value

Câu Hỏi 9 Hoàn thành Đạt điểm 1,00 trên 1,00

Value in use is…

Select one:
a. The discounted present value of historical cash flows expected to arise from continuing use of asset, and from its disposal at the end of its useful life.
b. The discounted future value of future cash flows expected to arise from continuing use of asset, and from its disposal at the end of its useful life
c. The discounted present value of future cash flows expected to arise from continuing use of asset, and from its disposal at the end of its useful life
d. The undiscounted future value of present cash flows expected to arise from continuing use of asset, and from its disposal at the end of its useful life.
Câu Hỏi 10 Hoàn thành Đạt điểm 1,00 trên 1,00

If the fair value less costs to sell for an asset cannot be determined, then recoverable amount is its…

Select one:
a. Market value
b. Fair value
c. Replacement value
d. Value in use

Câu Hỏi 11 Hoàn thành Đạt điểm 1,00 trên 1,00

Which of the following is an external indication of impairment?

Select one:
a. Management commitment to undergo a restructuring
b. Ongoing losses
c. Damage to an asset
d. Decline in market value

Câu Hỏi 12 Hoàn thành Đạt điểm 1,00 trên 1,00

How often should a cash generating unit to which goodwill has been assigned, be tested for impairment?

Select one:
a. Every year
b. At management’s discretion
c. As often as practicable
d. Every six months

Câu Hỏi 13 Hoàn thành Đạt điểm 1,00 trên 1,00

When should a reversal of an impairment loss be recognised?

Select one:
a. Immediately
b. When approved by the board of directors
c. Never
d. None of these

Câu Hỏi 14 Hoàn thành Đạt điểm 1,00 trên 1,00

When the recoverable amount of an asset is less than its carrying value in the Statement of Financial Poisition, the asset is…

Select one:
a. in negative equity
b. impaired
c. flawed
d. in a revaluation deficit
Câu Hỏi 15 Hoàn thành Đạt điểm 1,00 trên 1,00

When should an impairment loss be recognised?

Select one:
a. At management’s discretion
b. Over a number of accounting periods
c. Immediately
d. d.When requested by the entity’s auditors

Câu Hỏi 16 Hoàn thành Đạt điểm 1,00 trên 1,00

What is the treatment of an impairment loss under IAS 36?

Select one:
a. Record it in Equity under “Revaluations”
b. Write it off against profit immediately
c. Write it off against profit over a defined period agreed by management
d. Record a liability in the SOFP for “Impairment losses”

Câu Hỏi 17 Hoàn thành Đạt điểm 1,00 trên 1,00

When should a reversal of a goodwill impairment be recognised?

Select one:
a. At management’s discretion
b. Never
c. Immediately
d. At the end of the accounting period

Câu Hỏi 18 Hoàn thành Đạt điểm 1,00 trên 1,00

A cash-generating unit is defined as…

Select one:
a. the easiest identifiable group of assets that generates cash inflows that are largely independent from the cash inflows of other assets
b. the smallest identifiable group of assets that generates cash outflows that are largely independent from the cash outflows of other assets
c. the largest identifiable group of assets that generates cash inflows that is largely independent from the cash inflows of other assets.
d. the smallest identifiable group of assets that generates cash inflows that are largely independent from the cash inflows of other assets.

Câu Hỏi 19 Hoàn thành Đạt điểm 1,00 trên 1,00

The amount, which an asset is recorded in the Statement of Financial Position, less any accumulated depreciation and impairment losses, is called…

Select one:
a. Fair value
b. Net realisable value
c. Present value
d. Carrying amount
Câu Hỏi 20 Hoàn thành Đạt điểm 1,00 trên 1,00

When an impairment loss occurs, the carrying amount of the asset should be reduced to its ____

Select one:
a. Market value
b. Value in use
c. Recoverable amount
d. Net present value

◄ Exercise: PPEs (refer to exercise in the

Chuyển tới... Bài tập chủ đề 3-Lỗ tổn thất ►
handout)