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Frank's Bikes produces specialized bicycle frames. The production process uses two machines, which together form a cash generating unit. The following information is relevant to
Frank's Bikes produces specialized bicycle frames. The production process uses two machines, which together form a cash generating unit. The following information is relevant to the evaluation of impairment for these machines. (Click the icon to view the data.) Required a. Assume that the welding machine has a fair value less cost to sell of $180,000. Determine the amount of impairment that should be recorded for the cash generating unit and for each of the two machines. b. Assume that the welding machine has a fair value less cost to sell of $320,000. Determine the amount of impairment that should be recorded for the cash generating unit and for each of the two machines. B. Requirement a. Assume that the welding machine has a fair value less cost to sell of $180,000. Determine the amount of impairment that should be recorded for the cash generating unit and for each of the two machines. (Enter a "0" for any zero-balances.) Total cash Bending Welding generating unit machine machine Impairment Requirement b. Assume that the welding machine has a fair value less cost to sell of $320,000. Determine the amount of imnoirmont that should horonorded for the nach aonarating unit and for each of the two mochinac /Entor "O" for any vt action hem for these machines. (Click the icon to view the data.) Required a. Assume that the welding machine has a fair value less cost to sell of $180,000. Determine the amount of impairment that should be recorded for the cash generating unit and for each of the two machines. b. Assume that the welding machine has a fair value less cost to sell of $320,000. Determine the amount of impairment that should be recorded for the cash generating unit and for each of the two machines. yeneruriy umu Talle RE TACTITE Impairment Requirement b. Assume that the welding machine has a fair value less cost to sell of $320,000. Determine the amount of impairment that should be recorded for the cash generating unit and Kr each of the two machines. (Enter a "0" for any zero-balances.) Total cash Bending Welding generating unit machine machine Impairment Enter any number in the edit fields and then continue to the next question. Next Bikes produces specialized bicycle frames. The production process uses two machines, which together form a ca ing ckt Data Table ed umd uld ume uld Bending Welding Total cash machine machine generating unit Net carrying value $ 1,200,000 $ 300,000 $ 1,500,000 nen Fair value less costs to sell 1,100,000 See required See required Value in use 1,430,000 ema ent land Print Done hen
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