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Impairment

This topic has 1 reply, 2 voices, and was last updated 1 year ago by Stephen Widberg.

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June 13, 2023 at 11:02 am #686987
maximus07
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Impairment is when CV is greater than recoverable amount and recoverable amount is higher of FV less Cost to sell and value in use.
Can we say this FV less cost to sell as NRV? As I have seen on many places as FV-CTS but it never says it as NRV.
June 13, 2023 at 6:07 pm #687003
Stephen Widberg
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It means the same, but try and say FVCTS.
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