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tion 1 Comfort Pty Ltd is a wholesaler of home furniture. The recent bushfire destroyed one of its warehouse located in Cooma 5180000 Required: Discuss

tion 1

Comfort Pty Ltd is a wholesaler of home furniture. The recent bushfire destroyed one of its warehouse located in Cooma

5180000

Required:

Discuss and justify how Comfort Pty Ltd should account for the inventory loss of $180,000 as an 'expense', in accordance wit provided in the AASB Conceptual Framework.

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