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Perform a recoverability test to determine whether an impairment is necessary for a building with carrying value $98000, value in use $99000, fair market value
Perform a recoverability test to determine whether an impairment is necessary for a building with carrying value $98000, value in use $99000, fair market value $101000, cost to sell $2000, undiscounted future cash flows $100000. If so, how much is the impairment amount under GAAP and IFRS. If not, explain
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