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Question - On 30 September 2017 an impairment review was carried out on a machine. The following amounts were established in respect of the machine:
$
Carrying amount 850,000
Value in use 760,000
Fair value 850,000
Costs of disposal 30,000
Required - What the recoverable amount of the machine?
a. $850,000
b. $820,000
c. $760,000
d. $790,000
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