Question: 12 ) Using the cost recovery impairment model ( ASPE ) , an impairment loss is the excess of the carrying amount of an asset

12 ) Using the cost recovery impairment model ( ASPE ) , an impairment loss is the excess of the carrying amount of an asset over the a ) asset's book value b ) expected future net cash flows c ) asset's fair value 1 ) present value of expected future net cash flows

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