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

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

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