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Perform a recoverability test to determine whether an impairment is necessary for a building with carrying value - $98,0
Posted: Tue Nov 16, 2021 9:02 am
by answerhappygod
- Perform A Recoverability Test To Determine Whether An Impairment Is Necessary For A Building With Carrying Value 98 0 1 (29.32 KiB) Viewed 118 times
Perform a recoverability test to determine whether an impairment is necessary for a building with carrying value - $98,000, value in use - $99,000, fair market value -$101,000, cost to sell - $2000, undiscounted future cash flows - 100,000. If so, how much is the impairment amount under GAAP and IFRS. If not, explain