Question
Asset Impairment In 2015, Winnebago Industries recorded an impairment loss of $326,000 on its corporate plane. Assume that the plane originally cost the company $2,110,000
Asset Impairment
In 2015, Winnebago Industries recorded an impairment loss of $326,000 on its corporate plane. Assume that the plane originally cost the company $2,110,000 and had accumulated depreciation of $1,598,000 at the time of the impairment charge.
a. What was the planes fair value at the end of 2015?
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The Management Of Business Finance
Authors: John Freear
1st Edition
0273014315, 978-0273014317
