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(B) Information about an asset is given below. Carrying Amount 500,000 Fair value less costs to sell 300,000 Future cash flows (per annum) for 2

(B) Information about an asset is given below.

Carrying Amount 500,000

Fair value less costs to sell 300,000

Future cash flows (per annum) for 2 years 200,000

Discount Rate 10%

Required: Determine the outcomes of impairment review.

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