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Oriole Snowboarding Company, a public company, purchased equipment on January 10,2020, for 5750,000 . At that time, management estimated that the equipment would have a

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Oriole Snowboarding Company, a public company, purchased equipment on January 10,2020, for 5750,000 . At that time, management estimated that the equipment would have a usefullife of 10 years and a residual value of $50,000. Oriole uses the straight line method of depreciation and has a December 32 year end. Oriole tested the equipment for impairment on December 31, 2024, after recording the annual depreciation expense. It was determined that the equipment's recderable amount was $325,000, and that the total estimated useful life would be eight years instead of 10 , with a residual value of $10,000 instead of $50,000. What will appear on Oriole's 2024 balance sheet with regard to this equipment? Saved work will be auto-submitted on the due date. Autosubmission can take up to 10 minutes. Question Part Score (d) The parts of this question must be completed in order. This part will be available when you complete the part above

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