Question: Please finish off E12-13 on the third image. (a) Under IFRS, the recoverable amount is the higher of value in use and fair value less

Please finish off E12-13 on the third image.

(a) Under IFRS, the recoverable amount is the higher of value in use and fair value less costs to sell (both of which are discounted amounts). In this case, the licence is impaired at the end of 2017 since: Recoverable amount of $475,000

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