Question
7 of 60 3 Points In 2009, CL Company acquired production machinery at a cost of $414,000, which now has accumulated depreciation of $250,000. The
7 of 60 3 Points In 2009, CL Company acquired production machinery at a cost of $414,000, which now has accumulated depreciation of $250,000. The sum of undiscounted future cash flows from use of the machinery is $199,000 and its fair value is $148,000. What amount should CL recognize as a loss on impairment? $ Use "-" sign for negative amount, as needed. Use commas and decimal, as needed. Question 8 of 60 3 Points WW Company manufactures electric motorcycles. On April 1, it purchased a machine for its assembly line at a contract price of $300,000 with terms of 2/10, n/30. WW paid the contract price on April 8 and also incurred installation and transportation costs of $5,000, sales tax of $18,000, and testing costs of $4,000. During testing, the machine was accidentally damaged, so the company had to pay $2,000 to repair it. What is the capitalized cost of the machine? $ Use "-" sign for negative amount, as needed. Use commas and decimal, as needed
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