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Discussion < Accounts < Fair Value
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students zone,CA Students
VINOD KUMAR LALVANI


[ Scorecard :80 ]

Hi Friends 

In Earlier GAAP when we recognise Depreciation and impairement loss for any asset, can we say that the same is equal to Fair value as per IFRS, new GAAP?

As for /recognising the impairement we consider value in use and recoverable value.

 

please provide solution. 

 







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