Access the IFRS authoritative literature at the IASB website and after some research answer the...

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Accounting

Access the IFRS authoritative literature at the IASB website and after some research answer the following questions: In your initial post, answer what is the authoritative guidance for asset impairments? Briefly discuss the types of transactions to which the standard applies. In your reply post comment on your classmate's initial post and give several examples of events that would cause an asset to be tested for impairment. What is the best evidence of fair value? Describe alternative methods of estimating fair value.

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