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Fairfield Company determines the following information at year end about a piece of equipment that has a net book value of$75,000. Assume the equipment will
Fairfield Company determines the following information at year end about a piece of equipment that has a net book value of$75,000. Assume the equipment will not be for sale.
Present value of future expected net cash flows $52,500
Undiscounted future expected cash flows63,500
The impairment loss is
A.
$52,500
B.
$11,500
C.
$63,500
D.
$22,500
E.
$15,500
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