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Stephen Widberg.
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Jiya024
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Dear Professor,
I came across this definition of asset ceiling in my notes:
“This is known as applying the ‘asset ceiling’. It means that a surplus can only be recognised to the extent that it will be recoverable in the form of refunds or reduced contributions in the future.”
professor, how can something be recoverable without ever being invested in the first place? like how are reduced contributions recoverable?
Stephen Widberg
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Recoverable = we will get some benefit in some way.
Jiya024
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