the information that follows relates to equipment owned by gaurav limited at december 312023 cost...
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the information that follows relates to equipment owned by gaurav limited at december cost accumulated depriciation to date expected future net cash flowsundiscounted expected future net cash flows discountedvalue in use fair value costs to sell costs of disposal assume that Gaurav will continue to use this asset in the future as of decembe the equipment has remaining a useful life of four years Gaurav uses the straight line method of depriciation c referring to the qualitative characteristics identified in the conceptual framework forfinancial reporting discuss the difference between thecost recovery impairment model and the rational entity impairment model which method is preferred
the information that follows relates to equipment owned by gaurav limited at december cost accumulated depriciation to date expected future net cash flowsundiscounted expected future net cash flows discountedvalue in use fair value costs to sell costs of disposal assume that Gaurav will continue to use this asset in the future as of decembe the equipment has remaining a useful life of four years Gaurav uses the straight line method of depriciation c referring to the qualitative characteristics identified in the conceptual framework forfinancial reporting discuss the difference between thecost recovery impairment model and the rational entity impairment model which method is preferred
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