An impairment model is used:
A. To calculate the fair value of intangible assets.
B. To determine the likelihood that the fair value of an assumed liability will increase.
C. To calculate the amortization of indefinite-lived assets over their useful lives.
D. To determine whether the fair value of assets should be recognized.
E. To assess whether asset write-downs are appropriate for indefinite-lived assets.
Answer: E
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