Question
it would be unusual for a company to have an asset impairment in year 1, but for the sake of this example, abc realized that
it would be unusual for a company to have an asset impairment in year 1, but for the sake of this example, abc realized that there intangible asset might be impaired on December 31, 2014. record the impairment if any. the expected future net cash flows for this intangible asset totals $30,000, and the fair value of the asset is $27,500.
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Financial and Managerial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
3rd edition
978-1-119-3916, 1119392132, 1119392136, 9781119391609, 1119391601, 978-1119392132
