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6. Presented below is information related to long term assets owned by comet company at December 31,2019 original cost depreciation or amortization to date expected
6. Presented below is information related to long term assets owned by comet company at December 31,2019
original cost
depreciation or amortization to date
expected future net cash flows (undiscounted)
fair market value
equipment
500,000
47,500
450,000
443,500
the impairment should be
- 9000
- 40,000
- 56000
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