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Question 06 PQRs plant, costing 80,000, was damaged in its 6th year of business use. Plant life is 10 years. Engineers reckon residual plant life

Question 06 PQRs plant, costing 80,000, was damaged in its 6th year of business use. Plant life is 10 years. Engineers reckon residual plant life to be 3 years with value-in-use of 30,000. The plant could be scrapped now for 10,000. Calculate the asset impairment

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