The higher of an asset's fair value less costs to sell and its value in use is referred to as its:

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The higher of an asset's fair value less costs to sell and its value in use is referred to as its recoverable amount. This is the amount that the entity expects to recover from the asset's use or sale. It is used to determine impairment losses, as impairment occurs when the carrying amount of an asset exceeds its recoverable amount.

The Higher of an Asset's Fair Value Less Costs to Sell