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Question 12 1 pts An asset has a carrying amount of 1.1 million. Its fair value is 700,000 and its value in use is 850,000.

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Question 12 1 pts An asset has a carrying amount of 1.1 million. Its fair value is 700,000 and its value in use is 850,000. The legal expenses involved in selling the asset are estimated to at 50,000. What is the amount of the impairment loss suffered by the asset? 300,000 400,000 450,000 250,000

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