What Is the "Recoverable Amount

question 33

Multiple Choice

What is the "recoverable amount"?

• A)The present value of the future cash flows expected to be derived from an asset.
• B)The amount obtainable from the sale of an asset in an arm's-length transaction less the costs of disposal.
• C)The higher of an asset's fair value less costs to sell and its value in use.
• D)The lower of an asset's fair value less costs to sell and its value in use.