Question: Please answer A. What, if anything is the difference between cost, recoverable amount and fair value and why is this important in relation to non-current

Please answer A. What, if anything is the difference between cost,

Please answer

A. What, if anything is the difference between cost, recoverable amount and fair value and why is this important in relation to non-current assets? 4 marks B. How is 'impairment of an asset' different from 'amortisation of an asset? Give an example that enhances your explanation. 2 marks

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