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  3. Study Set
    Financial Accounting and Reporting
  4. Exam
    Exam 6: Revaluations and Impairment Testing of Non-Current Assets
  5. Question
    The Fair Value of a Non-Current Asset Is Defined in IAS
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The Fair Value of a Non-Current Asset Is Defined in IAS

Question 36

Question 36

True/False

The fair value of a non-current asset is defined in IAS 16 as the gross amount for which the asset can be sold when the entity is preparing to liquidate.

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