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The following statements are related to the concept of a cash-generating unit (CGU) for the...

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Accounting

The following statements are related to the concept of a cash-generating unit (CGU) for the purpose of accounting for impairment of assets. Select a correct statement. a. Identification of a CGU is a judgemental process and should be identified in a consistent manner from one period to another for the same group of assets. b. The existence of an active market is irrelevant in determining a CGU. c. How management monitor the entitys operations (such as by individual locations, districts of regional areas) is irrelevant in the process of identifying CGU. d. Identification of CGU rests with the decision and preference of the board of directors..

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