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For each of the following scenarios, select whether an asset has been impaired (Y for yes and N for no) and, if so, the amount
For each of the following scenarios, select whether an asset has been impaired (Y for yes and N for no) and, if so, the amount of loss that should be recorded. Book Value Estimated Future Cash Flows Fair Value Is Asset Impaired? Amount of Loss a. Machine $ 15,600 $ 10,100 $ 9,900 b. Copyright 31,050 41,200 37,950 c. Factory building 58,200 29,050 27,350 d. Building 227,100 227,100 200,200
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