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Which is unlikely to be used in fair value measurement

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Reference no: EM132765920

Problem 1. The impairment rules for long-lived assets apply to all of the following, except

a) Building currently used in the business

b) Financial instruments

c) Land

d) Minicomputers used to run a production process

Problem 2. Which of the following is unlikely to be used in fair value measurement of biological asset?

a) Quoted market price

b) The most recent market transaction price

c) The present value of the expected net cash flows from the asset

d) External independent valuation

Reference no: EM132765920

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