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Under IAS 3 6 , what is the order of steps when testing for impairment of assets? Estimate future cash flows, compare with carrying amount,

Under IAS $36,$ what is the order of steps when testing for impairment of assets?

Estimate future cash flows, compare with carrying amount, and recognize impairment loss.

Recognize impairment loss, estimate future cash flows, and compare with carrying amount.

Compare with carrying amount, recognize impairment loss, and estimate future cash flows.

Estimate recoverable amount, compare with carrying amount, and recognize impairment loss.

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