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Question 2: The following information relates to asset X: Fair value less cost to sell: R45 000 Value in use: R48 000 Carrying value: R50

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Question 2: The following information relates to asset X: Fair value less cost to sell: R45 000 Value in use: R48 000 Carrying value: R50 000 Based on the information above, explain with REASONS the following: a) Whether impairment exists? b) What is the recoverable amount

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