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At the end of 2021, Thomson did not have any PP&E. indicate that the sum of undiscounted future cash flows from the factory is now
At the end of 2021, Thomson did not have any PP\&E. indicate that the sum of undiscounted future cash flows from the factory is now estimated at $450,000. The fair value of the Factory as of the date is $300,000. After recognizing depreciation expense for 2022 as scheduled. Thomson wrote-off the factory. The remaining service life is reduced to additional 6 years and the residual value is updated to $30,000. Depreciation for the factory using these new parameters will start from 2023 with the double-declining method. What is the total depreciation expense Thomson will recognize at the end of 2022 ? Multiple Choice $6,051,000 $5,490,000 $6,100,000 $6,043,000 At the end of 2021, Thomson did not have any PP\&E. indicate that the sum of undiscounted future cash flows from the factory is now estimated at $450,000. The fair value of the Factory as of the date is $300,000. After recognizing depreciation expense for 2022 as scheduled. Thomson wrote-off the factory. The remaining service life is reduced to additional 6 years and the residual value is updated to $30,000. Depreciation for the factory using these new parameters will start from 2023 with the double-declining method. What is the total depreciation expense Thomson will recognize at the end of 2022 ? Multiple Choice $6,051,000 $5,490,000 $6,100,000 $6,043,000
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