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What does the two step impairment test process consist of ? An average test, showing the average loss per year, and a recoverability test, comparing

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What does the two step impairment test process consist of?
An average test, showing the average loss per year, and a recoverability test, comparing future cash flows
A recoverability test, comparing future cash flows, and a fair value test, comparing the book value to fair value
A recoverability test, comparing future cash flows, and an average test, showing the average loss per year
A probability test, showing likely hood of loss and a fair value test, comparing book value to fair value
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