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    Intermediate Accounting Study Set 9
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    Exam 12: Intangible Assets
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    If Market Value of an Impaired Asset Recovers After an Impairment
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If Market Value of an Impaired Asset Recovers After an Impairment

Question 88

Question 88

True/False

If market value of an impaired asset recovers after an impairment has been recognized, the impairment may be reversed in a subsequent period.

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