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Can someone explain the meaning of these two statements? It seems like a contradiction:
Losses on fixed assets to be disposed of can be recovered due to changes in the fair value or selling costs associated with the asset.
Recoveries of previously recognized impairment losses may not be recognized in subsequent periods.
The first sentence is on 1 page of the Wiley book, and the other is on the very next page. Makes no sense.
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Viewing 7 replies - 1 through 7 (of 7 total)
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