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    Question

    Which of the following best describes the amount by

    which the carrying amount of an asset exceeds its recoverable amount?
    A Revaluation Gain Correct Answer Incorrect Answer
    B Abnormal Gain Correct Answer Incorrect Answer
    C Abnormal Loss Correct Answer Incorrect Answer
    D Impairment Loss Correct Answer Incorrect Answer
    E Depreciation Correct Answer Incorrect Answer

    Solution

    An impairment loss is the amount by which the carrying amount of an asset exceeds its recoverable amount.

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