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On 1 July 2017, the fair values of the assets of A Ltd (subsidiary) were equal to their carrying amount with the exception of an item of machinery. The machine had a carrying amount of Rs5 million and its recoverable amount was Rs3.5 million on 1 July 2017 and on that date the remaining useful life of the machine was 12 years.
what is its treatment in the balance sheet and how are non-current assets affected?
what this impairment loss is included during the calculation of the subsidiary’s fair value of identifiable net asset?
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