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Current Attempt in Progress Cullumber Corporation uses straight - line depreciation, prepares adjusting entries annually, and has a December 3 1 year end. It purchased
Current Attempt in Progress Cullumber Corporation uses straightline depreciation, prepares adjusting entries annually, and has a December year end. It purchased equipment on January for $ The equipment had an estimated useful life of five years and a residual value of $ On December the company tests for impairment and determines that the equipment's fair value is $ a Assuming annual depreciation has already been recorded at December calculate the equipment's carrying amount at December immediately after recording depreciation for the year.
Current Attempt in Progress
Cullumber Corporation uses straightline depreciation, prepares adjusting entries annually, and has a December year end. It purchased equipment on January for $ The equipment had an estimated useful life of five years and a residual value of $ On December the company tests for impairment and determines that the equipment's fair value is $
a
Assuming annual depreciation has already been recorded at December calculate the equipment's carrying amount at December immediately after recording depreciation for the year.
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