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Parts a.) and b.) I understand and can figure out the answer correctly. In a), the equipment is impaired. In part b) the impairment loss
Parts a.) and b.) I understand and can figure out the answer correctly. In a), the equipment is impaired. In part b) the impairment loss is $55,000. Part c) I cannot get the correct depreciation expense for 2016. Do either the fair value of $90000 or cash inflow of $125000 relate to the depreciation expense? And part d.) I think can be answered once part c.) is determined. Thanks.
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