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The Determination of Impairment Losses Differs Under IFRS Versus GAAP

Question 71

Multiple Choice

The determination of impairment losses differs under IFRS versus GAAP in that


A) only GAAP permits a value-in-use estimate
B) only IFRS employs a disposal approach as a measure of fair value
C) only GAAP compares the fair value to cost
D) only IFRS permits a value-in-use estimate

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