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Company prepares its financial statements according to ifrs

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1. Refer to the situation described in BE 11-10. Assume that the present value of the estimated future cash flows generated from the division's assets is $22 million and that their fair value approximates fair value less costs to sell. What amount of impairment loss should C&R recognize if the company prepares its financial statements according to IFRS? 

Reference no: EM13998922

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