| |
A. |
Intangible assets with definite
useful life and other assets are tested for impairment whenever
events or changes in circumstances indicate that the carrying
amount may not be recoverable. An impairment loss is recognized for
the amount by which the asset’s carrying amount exceeds its
recoverable amount. For the purposes of assessing impairment,
assets are grouped at the lowest levels for which there are largely
independent cash flows (cash-generating units). The recoverable
amount is the higher of an asset’s fair value, defined as the
price that would be received to dispose an asset or paid to
transfer a liability in an orderly transaction between market
participants at the measurement date, less costs to dispose, or
it’s value in use. The value in use is the present value of
the future cash flows expected to be derived from an asset or
cash-generating unit. |
