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please answer this question Indigo Ltd. decided to sell one of its cutting machines and classified it as held for sale after the criteria were
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Indigo Ltd. decided to sell one of its cutting machines and classified it as held for sale after the criteria were met on March 31, 2015, and these criteria are still met on December 31, 2015. Indigo's year-end is December 31. Click here and take a look at the information about the cutting machine, then complete the following paragraph about the measurement of it. Select the correct answers from the drop-down boxes. Immediately before initial classification as held for sale on March 31, 2015, the cutting machine should be remeasured at 1. Upon initial classification as held for sale, the cutting machine should be measured at and an impairment loss of should be recognized. 1 Depreciation on the cutting machine shall when classified as held for sale. At December 31, 2015 the cutting machine should be remeasured to an amount of Indigo Ltd.-Information about the cutting machine Step by Step Solution
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