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Can you identify what FASB ASC best relates to the scenario- PLEASE ONLY PUT THE ASC code and how it pertains. The client has discontinued
Can you identify what FASB ASC best relates to the scenario- PLEASE ONLY PUT THE ASC code and how it pertains.
The client has discontinued manufacturing a certain product & as a result, has retired certain machinery/equipment that was used in the manufacturing process. The client intends to attempt to sell the assets to another manufacturer. Identify the location in professional standards that indicates how a long-lived asset classified as held for sale should be measured.
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