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The Following Information Was Taken from the Fixed Asset Records

question 26

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The following information was taken from the fixed asset records of Bosco Ltd. as of December 31, 2010:  Carrying value 100,000 Selling price 85,000 Costs of disposal 3,000 Expected future cash flows 75,000 Present value of expected future cash flows 63,000\begin{array}{llr}\text { Carrying value } & € 100,000 \\\text { Selling price } & € 85,000 \\\text { Costs of disposal } & € 3,000 \\\text { Expected future cash flows } & € 75,000 \\\text { Present value of expected future cash flows } & € 63,000\end{array}
-Using IAS 36, what is the recoverable amount?

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Definitions:

Human Bias

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Legitimate Power

The authority a person holds as a result of their position or role within an organization, which is recognized and respected by others.

Formal Authority

The power granted to an individual due to their position or role within an organization, enabling them to make decisions and enforce rules.

Participative Leadership

A leadership style in which the leader involves team members in decision-making processes and goal setting, fostering a sense of ownership and collaboration.

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