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In 2015, Zee Tee Inc. acquired production machinery at a cost of $650,000, which now has a accumulated depreciation of $380,000. The sum of
In 2015, Zee Tee Inc. acquired production machinery at a cost of $650,000, which now has a accumulated depreciation of $380,000. The sum of undiscounted future cash flows from use of the machinery is $210,000. and its fair value is $198,000. What amount should Zee Tee recognize as a loss on impairment? OA. $72,000 O B. -0- C. $60,000 OD. $308,000
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