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At the end of 2 0 2 2 , GM did not have any PP&E . On Jan 1 , 2 0 2 3 ,
At the end of GM did not have any PP&E
On Jan GM purchased the following assets. Detalls for setting up depreciation schedules are summarized below:
tableAssetsAcquisition,Cost,Residual,Method,Useful lifeTruckStraightline,WarehousetableSumofthe years'digitsFactoryDoubledeclining,MachineryUnitof production,
Machinery's estimated total production capacity is units of cars. During GM produced a total of units using the Machinery. On Dec sudden changes in the operational and market conditions indicate that the sum of undiscounted future cash flows from the factory is now estimated at $ The fair value of the Factory as of the date is $ After recognizing depreciation expense for as scheduled, GM wroteoff the factory. The remaining service life is reduced to additional years and the residual value is updated to $ Depreciation for the factory using these new parameters will start from with the doubledeclining method.
During GM produced a total of units using the Machinery.
What is the sum of the net book values of truck, warehouse, factory, and machinery at the end of
Multiple Choice
$
$
$
$
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