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    Accounting Study Set 2
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    Exam 15: Non-Current Assets: Revaluation, Disposal and Other Aspects
  5. Question
    What Is the Name Given to the Higher of an Asset's
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What Is the Name Given to the Higher of an Asset's

Question 40

Question 40

Multiple Choice

What is the name given to the higher of an asset's fair value less costs to sell, and its value in use?


A) recoverable amount
B) carrying amount
C) fair value amount
D) written down value

Correct Answer:

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