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Q. |
Impairment loss is recognised when, |
A. | Carrying amount of an asset is less than its recoverable amount |
B. | Carrying amount of an asset is less than its original acquisition cost |
C. | Carrying amount of an asset exceeds its recoverable amount |
D. | Fair value of an asset is less than the undiscounted expected future cash inflows |
Answer» C. Carrying amount of an asset exceeds its recoverable amount |
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