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In 2009, Cilla Company acquired production machinery at a cost of $410,000, which now has a accumulated depreciation of $240,000. The undiscounted cash flows from
In 2009, Cilla Company acquired production machinery at a cost of $410,000, which now has a accumulated depreciation of $240,000. The undiscounted cash flows from use of the machinery is $190,000 and it's fair value is $145,000. What amount should Cilla recognize as a loss on impairment?
The answer is 0. I want to know how to calculate.
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