Question
A company reported the following information at year-end: Book Value Estimated Cash Flows Fair Value Building $ 501,000 $ 381,000 $ 365,000 Patent $ 36,000
A company reported the following information at year-end: Book Value Estimated Cash Flows Fair Value Building $ 501,000 $ 381,000 $ 365,000 Patent $ 36,000 $ 41,000 $ 35,000 Copyright $ 41,000 $ 39,000 $ 36,000 Machine $ 101,000 $ 121,000 $ 86,000 Based on the above information, what is the total amount of impairment loss that the company should report at year-end?
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Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
13th edition
978-1285868806, 1285868803, 978-1305691254, 978-1305465640, 1305465644, 978-1285866307
