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Maren washington is the controller for Moab company. moab owns a building that is no longer used in moabs production process. moab is able to
Maren washington is the controller for Moab company. moab owns a building that is no longer used in moabs production process. moab is able to use the building as a storage facility because it is no longer used in marens production process, mareMaren suspects that the building has declined in value substantially and permanently however, the building is still reported in moabs balance sheetasheet at its depreciated book value based on the original purchase cost. according to the concept of accounting conservatism, ehawhat accounting action should mareMaren take with respect to this building
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