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2. Venus Ltd has an assets which is carried in the balan ce sheet as on 31.12.2019 at RO500. As at that date the value

2. Venus Ltd has an assets which is carried in the balance sheet as on 31.12.2019 at RO500. As at that date the value in use is RO 400 and the fair value less cost of disposal is RO 375. From the above data, calculate the impairment loss and pass journal entries for the impairment loss adjustment.

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