Wednesday 31 October 2012

An impairment loss must be recognized when an asset's Answer book value is lower than its fair value book value is higher than its fair value present value is lower than its fair value present value is higher than its fair value

An impairment loss must be recognized when an asset's

Answer


book value is lower than its fair value


book value is higher than its fair value


present value is lower than its fair value


present value is higher than its fair value



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