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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
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. Answer is not complete. Book Value Estimated Future Cash Fair Value Is Asset Impaired? Amount of Loss Flows a. Machine $ 15,600 $ 10,100 $ 9,900 Yes b. Copyright 31,050 41,200 37,950 No c. Factory 58,200 29,050 27,350 Yes building d. Building 227,100 227,100 200,200 No
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