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In 2011, Yondoor Inc. Company acquired production machinery which now has a book value of S760,000. The undiscounted cash flows from use of the machinery
In 2011, Yondoor Inc. Company acquired production machinery which now has a book value of S760,000. The undiscounted cash flows from use of the machinery is $367,000. and it's fair value is $305,000. Yondoor has determined that an impairment loss has occumed. What is the carrying value of the machinery after the journal entry to record the impairment loss has been recorded? OA. $367,000 B. $305,000 O C. $393,000 OD. $455,000
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