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HOSIS ..nssa . :) Equipment Gain on disposal XX c. Cash XXX Equipment XXX Loss on disposal XX Accumulated depreciation XXX d. Cash XXX Accumulated
HOSIS ..nssa . :) Equipment Gain on disposal XX c. Cash XXX Equipment XXX Loss on disposal XX Accumulated depreciation XXX d. Cash XXX Accumulated Depreciation XXX Equipment XXX Loss on disposal XX 25. Laupa Corporation has determined that the value of one of their machines is impaired. According to the most recent financial statement, the cost of the machine is $48,000 and accumulated depreciation is $12,000. Based upon an analysis of future cash flows conducted by a company accountant with cooperation from the marketing department, it has been determined that the machine will create $5,000 cash flows annually for the remaining useful life of 3 years. Assuming the discount rate is 7%, determine the amount of impairment loss that may be recognized. a. $0 b. $22,878.42 c. $26,927.56 d. None of the above nto indicate that their plant an
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