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I don't know the answer to (c Presented below is information related to equipment owned by Marley Company at 14 December 31, 2018 7,000,000 1,500,000
I don't know the answer to (c
Presented below is information related to equipment owned by Marley Company at 14 December 31, 2018 7,000,000 1,500,000 / 5,000,000) 4.400,000 Cost Accumulated depreciation to date Value-in-use Fair value less cost of disposal So9/000 Assume that Marley will continue to use this asset in the future. As of December 31, 2018, the equipment has a remaining useful of4 years. Instructions (a) Prepare the journal entry (if any) 31, 2018. to record the impairment of the asset at December Prepare the journal entry to record depreciation expense for 2019 (b) The recoverable amount of the equipment (c) December 31 2019, is e5,250,000 at Prepare the journal entry (if any) necessary to record this increase. Jurpimant ls Sao,o0 0 oc dep. Soo dep axpene sopso/oadep inoovo (250,p0/0a dep insaov
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