According to AASB 136 Impairment of Assets,the Recoverable Amount of an Asset

question 3

Multiple Choice

According to AASB 136 Impairment of Assets,the recoverable amount of an asset or cash-generating asset is the:

• A)lower of its fair value less costs of disposal and its value in use.
• B)higher of its fair value less costs of disposal and its value in exchange.
• C)lower of its fair value less costs of disposal and its value in exchange.
• D)higher of its fair value less costs of disposal and its value in use.

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