IFRS impairment testing for finite-life intangible assets is similar to impairment testing for tangible long-lived assets

Rodney, age 35, earned $40,000 last year and did not participate in an employer retirement plan. Rodney has a nonworking spouse, with whom he filed a joint income tax return. Which of the following statements is TRUE?

A) Rodney could establish an IRA for himself and contribute any amount he wishes to it. B) Rodney could establish separate IRAs for himself and his spouse and could deduct a contribution of $10,000 to his IRA and $5,000 to his spouse's IRA. C) Rodney could establish an IRA for himself but not for his spouse because she is unemployed. However, because he is married, he could contribute and deduct up to twice the maximum for an individual IRA, or $10,000. D) Rodney could establish a separate IRA for himself and another for his spouse and could deduct a contribution of up to the current annual maximum, which is adjusted annually for cost of living.

One of the newest and increasingly questionable practices in the world of corporate social responsibility (CSR) is the notion of making operations "carbon neutral."

Answer the following statement true (T) or false (F)