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In the calendar year ended December 31, 2023 and also the a few months and yr finished December 31, 2022, the reduction on belongings held available for purchase relates to the LTC reporting device in the Pharmacy & Customer Wellness phase. During 2022, the corporation decided that its LTC enterprise was no longer a strategic asset and devoted to a plan to market it, at which time the LTC small business met the factors for held-for-sale accounting and its net property were being accounted for as assets held available for purchase. The carrying value of the LTC small business was determined to get greater than its approximated truthful value considerably less costs to promote and, accordingly, the corporation recorded a loss on property held available during the third quarter of 2022. As of December 31, 2022, The web property on the LTC business continued to meet the criteria for held-for-sale accounting And through the fourth quarter of 2022, an incremental loss on assets held available was recorded to write down the carrying worth of the LTC company to its approximated truthful more info price less fees to market.
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