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The following information was taken from the fixed asset records of BBB Ltd as of December 31, 2010: carrying value 100000 selling price 85000 cost
The following information was taken from the fixed asset records of BBB Ltd as of December 31, 2010: carrying value 100000 selling price 85000 cost of disposal 3000 expected future cash flows 75000 present value of expected future cash flows 63000 1) Using IFRS (IAS 36), what is the amount of Impairment Loss? 2) What is the amount of Impairment Loss under U.S. GAAP
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Accounting Information Systems
Authors: Cynthia D Heagy, Constance M Lehmann
7th Edition
1111219516, 978-1111219512
