Solution-What amount of impairment loss

What amount of impairment loss

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1. Refer to the situation described in BE 11-13. Assume that SCC's fair value of $40 million approximates fair value less costs to sell and that the present value of SCC's estimated future cash flows is $41 million. If Web Helper prepares its financial statements according to IFRS and SCC is considered a cash-generating unit, what amount of impairment loss, if any, should Web Helper recognize?

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What amount of impairment loss

Reference no: EM13998917

Reference no: EM13998917

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