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The following information was taken from the fixed asset record of ABC Ltd as of Dec 2020 Carrying value $ 200,000 Selling price $ 170,000

The following information was taken from the fixed asset record of ABC Ltd as of Dec 2020

Carrying value $ 200,000

Selling price $ 170,000

Cost of disposal $ 6,000

Expected future cash flows $ 150,000

Present value of expected future cash flows $ 126,000

Using IAS what is the impairment amount? clarify

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