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impairment
impairment
1.
Which one of the following statements regarding impairment on biological assets is incorrect?
2.
Asset impairment refers to the asset’s recoverable value is ()(higherlower) than its book value.
3.
Once an asset impairment loss is recognized, it can not be reversed in a subsequent accounting period.
4.
Asset impairment refers to the asset’s recoverable value is () than its book value.