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Under U.S. GAAP, if a company recognizes an impairment loss, O recovery of the loss can be made within the next accounting period. O

 

Under U.S. GAAP, if a company recognizes an impairment loss, O recovery of the loss can be made within the next accounting period. O recovery of the loss is limited to the actual amount of the loss. later recovery of the impairment loss is prohibited. the asset is revalued at fair value at the end of each period.

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