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MC Question 19
Which of the following are TRUE in accordance with IAS 36 Impairment of Assets?
| (1) | A cash generating unit is the smallest identifiable group of assets for which individual cash flows can be identified and measured |
|---|---|
| (2) | When considering the impairment of a cash generating unit, the calculation of the carrying amount and the recoverable amount does not need to be based on exactly the same group of net assets |
| (3) | When it is not possible to calculate the recoverable amount of a single asset, then that of its cash generating unit should be measured instead |
A 1 only
B 2 and 3
C 3 only
D 1 and 3