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Match the appropriate term with the description.
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Cost Model
An accounting method that values an asset based on its historical cost less any accumulated depreciation and impairment losses.
Accumulated Depreciation
The total amount of depreciation expense that has been recorded against a fixed asset since it was put into use.
Recoverable Amount Test
A financial assessment to determine the higher of an asset's fair value less costs of disposal and its value in use.
Fair Value
What is expected as profit from selling an asset or what is required as payment to transfer a liability in a smooth market transaction on the established measurement date.
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