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Beerus Inc. recognized a loss in 2009 related to long-lived assets that it intended to sell. These assets were not sold during 2010, and the
Beerus Inc. recognized a loss in 2009 related to long-lived assets that it intended to sell. These assets were not sold during 2010, and the company estimated, at December 31, 2010, that the loss recognized in 2009 had been more than recovered. On the December 31, 2010 balance sheet, Beerus should report these long-lived assets at their
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
12th Edition
978-0073526706, 9780073526706
