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/1 mark With respect to the testing of long-term assets for impairment, one of the components used to determine the recoverable amount is value in
/1 mark With respect to the testing of long-term assets for impairment, one of the components used to determine the recoverable amount is value in use. Value in use is the a. present value of the future cash flows expected from the asset. O b. fair value of the asset. c. carrying value of the asset, net of disposal costs. O d. fair value of the asset, net of disposal costs. /1 mark
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