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Question 4 Topic 7 In relation to accounting for impairment, the recoverable amount of an asset is determined as the: a. carrying amount of the

Question 4 Topic 7 In relation to accounting for impairment, the recoverable amount of an asset is determined as the: a. carrying amount of the asset if it is higher than its fair value O b. higher of its fair value less costs to sell and its value in use O c. higher of its carrying amount and fair value d. higher of its residual value and cost

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