Maxwell (Company owns an cH|ulppr'd plant ih.it has a book alue of $150 mil lion. Due to

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Maxwell (Company owns an cH|ulppr'd plant ih.it has a book \alue of $150 mil lion. Due to a permanent decline in consunu'r demand for the products pro¬ duced by this plant, the maikcM value of the- pi.ml and C(|uipnu'nl is apprai.sed at $20 million. Describe the accounting tix-alnuMit lor this impairment.AppendixLO1

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Cyrus Sandoval

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