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1 Technique Co. has equipment with a carrying amount of $800,000. The equipment's fair value less costs to sell is $780,000, and its value-in-use is
1 Technique Co. has equipment with a carrying amount of $800,000. The equipment's fair value less costs to sell is $780,000, and its value-in-use is $815,000. The equipment is expected to be used in operations in the future. What amount (if any) should Technique report as an impairment to its equipment? aut of question Select one: a. $20,000 b. $15,000 c. No impairment should be reported. d. $35.000 2. Fogelberg Company purchased equipment for $12,000. Sales tax on the purchase was $600. Other costs incurred were freight charges of $240, repairs of $420 for damage during installation, and installation costs of $270. What is the cost of the equipment? ed out of a question Select one: a. $13,110. @ b. $12,000 C. $12,600. d. $13,530
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