Solved: What amount of impairment loss should campr recognize if, Accounting Basics

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What amount of impairment loss should campr recognize if

1. Refer to the situation described in BE 11-10. Assume that the present value of the estimated future cash flows generated from the division's assets is $22 million and that their fair value approximates fair value less costs to sell. What amount of impairment loss should C&R recognize if the company prepares its financial statements according to IFRS?

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