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Beerboowns equipment that with an original cost of $900,000 and an accumulated depreciation balance to-date of $380,000.In its impairment analysis, the accounting manager determined that
Beerboowns equipment that with an original cost of $900,000 and an accumulated depreciation balance to-date of $380,000.In its impairment analysis, the accounting manager determined that the equipment will generate expected future cash flows of $500,000.Currently, the fair market value of the equipment is assessed at $400,000.
If the asset is impaired, by how much must Beerbocreditits ACCUMULATED DEPRECIATION account?
Enter zero if the asset is not impaired.Otherwise, input dollar amounts (round to nearest cent; no $ sign; commas okay
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