Determine ther ecoverable amount of the land

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At 30 June 2020, an entity holds a block of land from which it generates revenue by leasing it to agricultural enterprises. The land has a carrying amount of $2.5 million. An independent market appraisal has valued the land at $2.36 million but costs to dispose of the land are estimated at $100 000. The value in use of land is determined to be $2.33 million.

Problem 1. Determine ther ecoverable amount of the land.

Reference no: EM132959302

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