a. Workings and journal entries for the impairment loss of the division assuming that the fair value
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a. Workings and journal entries for the impairment loss of the division assuming that the fair value of the land is $70,000: Carrying value $ Fair value $ Building Land Equipment Inventory Total $ Carrying Value Less Recoverable Amount Impairment Loss Journal DR CR Narration: Journal entries to account for impairment loss under AASB136
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