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A vehical was involved in an accident on 1st january 2021. The assets cost 10'000 and had a remaining life of 10 years on 1st

A vehical was involved in an accident on 1st january 2021. The assets cost 10'000 and had a remaining life of 10 years on 1st july 2020. following the accident, the expected present value of cash flows associated with the asset was 3400 and the fair value less costs to sell was 6500. after the accident the remaining useful life was revised to 5 years.

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