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The directors of Kane ptc are assessing whether any of the companys non current assets...

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Accounting

The directors of Kane ptc are assessing whether any of the companys non current assets require testing for impairment Which of the following would indicate that some of the companys assests be impaired?

1 A fall buildings market value due to a downturn in the business sectors economic trading conditions

2 The market capitalisation of Kane ptc being greater than the value of its net assets

3 Larger than expected machinery maintenance expenses

A. 1 only

B. 3 only

C. 1 and 3

D. 1,2 and 3

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