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In calculating an impairment loss, which TWO of the following are correct? Assets should be carried at the higher of their carrying amount and recoverable

image text in transcribed In calculating an impairment loss, which TWO of the following are correct? Assets should be carried at the higher of their carrying amount and recoverable amount Recoverable amount is the higher of value in use and fair value less costs of disposal Recoverabie amount is the lower of value in use and fair value less costs of disposal Assets should be carried at the lower of their carrying amount and recoverable amount

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