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What recoverable amount to be used in the determination

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Reference no: EM132619005

Monkey Shines Ltd., a Canadian public corporation, owns equipment for which the following year-end information is available:

Carrying amount (book value) $120,000

Value in use 102,000

Fair value less disposal costs 108,000

Problem 1: The recoverable amount to be used in the determination of impairment is

Reference no: EM132619005

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