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On December December 31, 2018 2018, Busch Busch Enterprises must measure its impairment loss for plant and equipment. Busch Busch has determined that the broadcast

On December

December 31, 2018

2018, Busch

Busch Enterprises must measure its impairment loss for plant and equipment. Busch

Busch has determined that the broadcast license is not impaired. The projected future undiscounted cashflows, projected future discounted cashflows, and fair values of the plant and equipment are listedbelow:

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Plant and Equipment

Carrying value

$

(2,110,000)

Less:

Fair value

1,263,000

Impairment Loss

$

(847,000)

Next, prepare the journal entry necessary to record the impairment. (Record debitsfirst, then credits. Exclude explanations from any journalentries.)

Account

December 31, 2018

Accumulated DepreciationPlant and Equipment

2,110,000

Impairment Loss on Plant and Equipment

847,000

Plant and Equipment

2,957,000

Determine the revised annual depreciation expense.

The annual depreciation expense is $

Am sorry. But I am only need to know how can I know about annual depreciation?

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