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    Intermediate Accounting
  4. Exam
    Exam 10: Applications of Fair Value to Non-Current Assets
  5. Question
    Explain Why Non-Current Assets Held for Sale Are Valued at Fair
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Explain Why Non-Current Assets Held for Sale Are Valued at Fair

Question 30

Question 30

Essay

Explain why non-current assets held for sale are valued at fair value less costs to sell rather than at their value in use.

Correct Answer:

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Fair value less costs to sell is the mor...

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