An impairment loss on all assets except intangibles that do not require amortization arises when

a. the book value of the assets exceed the undiscounted cash flows.
b. the book value of the assets exceed the market value.
c. the market value of the assets exceed the undiscounted cash flows.
d. the book value of the assets exceed the discounted cash flows.
e. the book value of the assets exceed the liquidation value.


A

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