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Maconochie's mark system is considered a form of indeterminate sentencing.
Recoverable Amount
The higher value between an asset's fair value minus costs to sell and its value in use, used in assessing whether an asset is impaired.
Carrying Amount
The book value of an asset or liability on a company's balance sheet, reflecting its original cost adjusted for factors such as depreciation or amortization.
Anticipated Residual
The estimated value of an asset at the end of its useful life, taking into account depreciation and wear.
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