GRE Tire Corporation tests its machine for impairment at the end of the financial year 2023. The
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GRE Tire Corporation tests its machine for impairment at the end of the financial year 2023. The carrying value of the machine is USD 3,000. The firm estimates its value in use to be USD 2,800 and the fair value to be USD 2,250. The firm will have to pay USD 80 to an agent to sell the machine. What is the recoverable amount for the machine?
a. USD 2,800
b. USD 2,250
c. USD 2,170
d. USD 200
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