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11-96 What Is the Implied Probability of Repayment on One-Year

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11-96 What is the implied probability of repayment on one-year B?rated debt?

Recognize the differences and applications of IFRS and U.S. GAAP regarding asset impairment and reversals.
Identify and differentiate between various measurement approaches for long-lived assets under GAAP.
Understand the costs included in the purchase and improvement of land and buildings.
Know the criteria for triggering impairment losses under IFRS and U.S. GAAP.

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