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On 1 January 2 0 X 1 Corcoran Bakery Company recognised a brand 'Tubbycakes' as an intangible asset at its acquisition cost of $ 5
On January X Corcoran Bakery Company recognised a brand 'Tubbycakes' as an intangible asset at its acquisition cost of $ in accordance with
IAS The brand was determined to have a useful life of years. On December X the brand was valued by a brand valuation agency at $
On December X after negative press coverage of Tubbycakes products, the brand's fair value fell to $
Which of the following is recognised in the year ended December X
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