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Compute what the impairment loss is

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Reference no: EM132544171

Question 1: When an impaired asset is carried at a revalued amount using the revaluation model in accordance with AASB 116, the impairment loss is:

a. treated in the same way as a revaluation decrease

b. not to be recognised

c. treated in the same way as a revaluation increase

d. recognised immediately as an expense

Reference no: EM132544171

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