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please explain answer At the end of each period, XYZ Company assesses each of its three buildings for impairment. XYZ Company provided the following information
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At the end of each period, XYZ Company assesses each of its three buildings for impairment. XYZ Company provided the following information about each of its buildings. Building A Buildling B Building C Cost $800,000 $1,070,000 $695,000 Accumulated Depreciation to Date $420,000 $225,000 $490,000 Expected Future Cash Flows $425,000 $610,000 $230,000 Fair Value $413,000 $550,000 $170,000 Identify which buildings are impaired, O Building A only O Building B only Building Conly O Building A and Building B Building B and Building C O Building A and Building C Building A Building B, and Building Step by Step Solution
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