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What accounting treatment does impairment of assets

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Question - An asset has a recorded cost of $50,000 and accumulated depreciation of $12,500. The fair value of the asset less costs to sell is estimated at $35,000, while its value-in-use is calculated at $38,750. What accounting treatment does AASB136 Impairment of Assets require in this situation?

Reference no: EM133071804

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