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5) Hayworks capital assets manager suspects that external events make it necessary to perform a recoverability test on one of its fixed assets. (10 points)

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5) Hayworks capital assets manager suspects that external events make it necessary to perform a recoverability test on one of its fixed assets. (10 points) The asset has a carry value of $85,000. The Fair value is $50,000. The future net undiscounted cash flows total $65,000. A. Is this asset impaired? Why or Why not? B. If so, what is the amount of the impairment loss? C. What will be the asset's new carry value? 5) Hayworks capital assets manager suspects that external events make it necessary to perform a recoverability test on one of its fixed assets. (10 points) The asset has a carry value of $85,000. The Fair value is $50,000. The future net undiscounted cash flows total $65,000. A. Is this asset impaired? Why or Why not? B. If so, what is the amount of the impairment loss? C. What will be the asset's new carry value

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