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What is the meaning of impairment of assets

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Reference no: EM132768429

Questions -

Q1. What is the meaning of impairment of assets?

Q2. Explain the "fair value hierarchy".

Q3. What are the components of estimated future cash flows for purposes of determining value in use?

Q4. How is the impairment loss recognized?

Q5. Explain the reversal of impairment loss?

Reference no: EM132768429

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