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CFA Level 1 Question of the Week - Financial Reporting and Analysis
An accountant is analyzing the statements of a Belgian firm. The information regarding its ice cream plant is given below:
|Book value of the plant:||$400,000|
|Value in use:||$360,000|
|Expected future cash flow:||$350,000|
If the Belgian firm reports under IFRS, the amount of the impairment loss is closest to:
CFA Level 1 Question of the Week - Financial Reporting and Analysis 6 votes