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Asset Impairment Winnebago Industries recorded an impairment loss of $258,000 on its corporate plane. Assume that the plane originally cost the company 52,050,000 and had
Asset Impairment Winnebago Industries recorded an impairment loss of $258,000 on its corporate plane. Assume that the plane originally cost the company 52,050,000 and had accumulated depreciation of $1,598,000 at the time of the impairment charge a. Why did the company record an impairment loss on the plane? The corporate plane's net book value was less than it's fair valie The corporate plane's fair value was less than its net book value The corporate plane's original cost was less than it's fair value OThe corporate plane's fair value was less than it's original cost bExplain how the company determined the amount of the impairment loss Netbook value of corporate plane less fair value of corporate plane COriginal cost of corporate plane less fair value of corporate plane Orginal cost of corporate plane less net book value of corporate plane CFair value of corporate plane less accumulated deprecation of corporate plane What was the planes a value at the end of the years
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