IFRS International financial reporting standards are guidance and framework provided for reporting financial statements in a uniform manner such that, they are comparable across the international boundaries but at the same time adhere to local practices. To define: The term ‘value-in-use.’

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Chapter 11, Problem 5IST

To determine

IFRS International financial reporting standards are guidance and framework provided for reporting financial statements in a uniform manner such that, they are comparable across the international boundaries but at the same time adhere to local practices.

To define: The term ‘value-in-use.’

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