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Knoop's experiments with fatty acids
Impairment Test
An examination carried out to determine if the carrying amount of an asset exceeds its recoverable amount, potentially leading to an impairment loss.
Reversal
The process of undoing or nullifying a previous accounting entry or transaction.
Impairment Loss
The difference when the recorded value of an asset or a cash-producing entity surpasses the amount it can be recovered for.
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