Financial AccountingIndividual Research Assignment Requ

Financial AccountingIndividual Research Assignment Required:You are required to research and answer the following two questions. Your answer to each question must be written on a separate sheet(s). The indicative word limit for each question is approximately 250-350 words.Briefly explain the depreciation and impairment process in relation to approximating the fair value of fixed assets. (5 marks)Define fair value in relation to non-current assets and the approaches that may be used to calculate it. (5 marks)Note: Students are expected to use APA referencing. 1
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