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3 votes
"IFRS uses a fair value test to measure impairment loss. However, IFRS does not use the first-stage recoverability test under GAAP - comparing the undiscounted cash flow to the carrying amount. As a result, the IFRS test is"

1 Answer

6 votes

Answer:

As a result, the IFRS test is more strict than U.S. GAAP.

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User Soltex
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