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Level 2 Inputs
Definition
The second tier of the IFRS 13 fair value hierarchy, comprising observable inputs other than quoted prices — including quoted prices for similar assets, observable market yields, and corroborated market data. Level 2 inputs provide reliable fair value evidence where direct market quotes are unavailable but market-observable proxies exist. Some categories of standard intellectual property licences and brand royalty rates may qualify as Level 2 inputs in valuation.
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