Recoverable Amount Is Defined As

question 22

Multiple Choice

Recoverable amount is defined as:

• A)the higher of an asset's fair value less costs to sell and its value in use
• B)the lower of an asset's carrying amount and its book value
• C)the higher of an asset's carrying amount and its book value
• D)the lower of an asset's fair value less costs to sell and its value in use

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Definitions:

Importer

An individual or company that buys goods or services from another country for the purpose of selling them within their own country.

Society of Worldwide Interbank Financial Telecommunications

An international messaging network that financial institutions use for securely transmitting information and instructions related to financial transactions.

International Payment Transfers

Financial transactions that involve the sending of money across international borders.

Global Telecommunications

Worldwide infrastructure and services for the exchange of information through electronic networks.