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Define fair value in relation to non-current assets

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Reference no: EM13496293

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You are required to research and answer the following two questions. Your answer to each question must be written on a separate sheet(s). The indicative word limit for each question is approximately 250-350 words.

1. Briefly explain the depreciation and impairment process in relation to approximating the fair value of fixed assets.

2. Define fair value in relation to non-current assets and the approaches that may be used to calculate it.

Reference no: EM13496293

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