Question
ABC purchased a machine on Jan 1, 2025 for $74166 with an estimated useful life of 13 years and no salvage value ABC uses the
ABC purchased a machine on Jan 1, 2025 for $74166 with an estimated useful life of 13 years and no salvage value
ABC uses the straight line depreciation method
On December 31, 2029 technological changes suggest the machine may be impaired
On December 31, 2029 the machine is expected to generate net cash flows of $4448 per year over its remaining life
On December 31, 2029 the fair value of the machine is $28402.93
- On Dec 31, 2029 the carrying value of the machine before any impairment loss is:
- On Dec 31, 2029 the impairment loss, if any, is (enter as a negative amount):
- On Dec 31, 2029 the carrying value of the machine after any impairment loss is:
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Principles Of Cost Accounting
Authors: Edward J. Vanderbeck
15th Edition
978-0840037039, 0840037031
