Question
Bramble Corp. has equipment with a carrying amount of $2480000. The expected future net cash flows from the equipment are $2510000, and its fair value
Bramble Corp. has equipment with a carrying amount of $2480000. The expected future net cash flows from the equipment are $2510000, and its fair value is $2050000. The equipment is expected to be used in operations in the future. What amount (if any) should Bramble report as an impairment to its equipment?
$30000.
$460000.
No impairment should be reported.
$430000.
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Practical Guide To Commercial And Industrial Energy Auditing
Authors: Mtijan M Kamara
1st Edition
1717257321, 978-1717257321
