Evaluation and testing for impairment assessments of indefinite-lived intangible assets: Multiple Choice requires a two-step process to be completed for all impairment assessments

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Evaluation and testing for impairment assessments of indefinite-lived intangible assets:

Multiple Choice

• requires a two-step process to be completed for all impairment assessments.

• follows the same process as required for impairment evaluation and testing for tangible assets.

• requires a quantitative impairment test if, after a qualitative assessment, it is more likely than not that the asset is impaired.

• requires only assessment of qualitative factors.