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Cost Accumulated depreciation General's estimate of the total cash flows to be generated by selling the products manufactured at its Arizona plant, not discounted to
Cost Accumulated depreciation General's estimate of the total cash flows to be generated by selling the products manufactured at its Arizona plant, not discounted to present value $36,500,000 14,600,000 15,800,000 The fair value of the Arizona plant is estimated to be $13,000,000. Required: 1. Determine the amount of impairment loss. 2. If a loss is indicated, prepare the entry to record the loss. 3. & 4. Determine the amount of impairment loss assuming that the estimated undiscounted sum of future cash flows is (3) $14,000,000 instead of $15,800,000 and (4) $22,000,000 instead of $15,800,000. Complete this question by entering your answers in the tabs below. Reg 1 Req 2 Req 3 and 4 Determine the amount of impairment loss. (Negative amount should be indicated by a minus sign.) Impairment loss Regt Req 2 >
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