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The example is same as the previous question, 19. Iron corp. had the following PP&E values on Dec. 31, 2012 Cost (PPE) Accumulated Depreciation Undiscounted

The example is same as the previous question, 19. Iron corp. had the following PP&E values on Dec. 31, 2012 Cost (PPE) Accumulated Depreciation Undiscounted Future Cash Flow Selling price Selling cost Value-in-Use $1,200 200 980 900 950 Under U.S. GAAP and IFRS, what is the impairment loss reported on the income statement? U.S. GAAP IFRS Multiple Choice $100 $50 $100 $100

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