FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question

Under the impairment of assets, value-in-use is *

 

a. The undiscounted present value of future cash flows arising from the continuing use of the asset and from its disposal.

b. The discounted present value of future cash flows arising from the continuing use of the asset and from its disposal.

c. The higher of an asset's fair value less cost to sell and its market value

d. The amount at which the asset is recognized in the statement of financial position

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