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Suppose you are presented with the following information in relation to the Property Plant and Equipment (PPE) of CDE Ltd: Cost Carrying value Selling price
Suppose you are presented with the following information in relation to the Property Plant and Equipment (PPE) of CDE Ltd: Cost Carrying value Selling price Selling costs Value in use $75,000 $43,000 $38,000 $1,500 $34,000 Based only on the above information, the PPE: Group of answer choices is impaired and an impairment loss should be recorded for $5,000 is impaired and an impairment loss should be recorded for $6,500 is impaired and an impairment loss should be recorded for $9,000 should have no impairment loss recorded if the company has no intention of selling the asset
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