and, if so, the amount of loss that should be recorded Is Asset Impaired Am of d Machine b Copyright c Factory building d Building Book Value S 15 500 $ 31,000 $ 58,000 $227 000 Estimated Future Cash Flows $ 10,000 $ 41 000 $ 29,000 $227,000 Fair Value $ 9 500 $ 37,900 $ 27,000 $200,000 M8 8 LO8 5 Recording the Disposal of a Long Lived Asset (Straight Line Depreciation) As part of a major renovation at the beginning of the year, Bonham's Bakery sold shelving units de fixtures) that were 10 years old for $1 800 cash The original cost of the shelves was $6,500 and the had been depreciated on a straight line basis over an estimated useful life of 12 years with an estimated residual value of $800 Record the sale of the shelving units N and, if so, the amount of loss that should be recorded Is Asset Impaired Amor a Machine b Copyright c Factory building d Building Book Value $ 15,500 $ 31,000 $ 58,000 $227 000 Estimated Future Cash Flows $ 10,000 $ 41 000 $ 29,000 $227,000 Fair Value $ 9 500 $ 37,900 $ 27,000 $200,000 M8 8 LO8 5 Recording the Disposal of a Long Lived Asset (Straight Line Depreciation) As part of a major renovation at the beginning of the year, Bonham's Bakery sold shelving units (stem fixtures) that were 10 years old for $1 800 cash The original cost of the shelves was $6,500 and the had been depreciated on a straight line basis over an estimated useful life of 12 years with an estimated residual value of $800 Record the sale of the shelving units

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and, if so, the amount of loss that should be recorded  Is Asset Impaired Am of d  Machine b  Copyright c  Factory building d  Building Book Value S 15 500 $ 31,000 $ 58,000 $227 000 Estimated Future Cash Flows $ 10,000 $ 41 000 $ 29,000 $227,000 Fair Value $ 9 500 $ 37,900 $ 27,000 $200,000   M8 8 LO8 5 Recording the Disposal of a Long Lived Asset (Straight Line Depreciation) As part of a major renovation at the beginning of the year, Bonham's Bakery sold shelving units de fixtures) that were 10 years old for $1 800 cash  The original cost of the shelves was $6,500 and the had been depreciated on a straight line basis over an estimated useful life of 12 years with an estimated residual value of $800  Record the sale of the shelving units  N and, if so, the amount of loss that should be recorded  Is Asset Impaired  Amor a  Machine b  Copyright c  Factory building d  Building Book Value $ 15,500 $ 31,000 $ 58,000 $227 000 Estimated Future Cash Flows $ 10,000 $ 41 000 $ 29,000 $227,000 Fair Value $ 9 500 $ 37,900 $ 27,000 $200,000 M8 8 LO8 5 Recording the Disposal of a Long Lived Asset (Straight Line Depreciation) As part of a major renovation at the beginning of the year, Bonham's Bakery sold shelving units (stem fixtures) that were 10 years old for $1 800 cash  The original cost of the shelves was $6,500 and the had been depreciated on a straight line basis over an estimated useful life of 12 years with an estimated residual value of $800  Record the sale of the shelving units

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and, if so, the amount of loss that should be recorded. Is Asset Impaired Am of d. Machine b. Copyright c. Factory building d. Building

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