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please help A company has some bottling equipment which cost $9.90 million, has a net book value of $4,40 million, estimated future cash flows of
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A company has some bottling equipment which cost $9.90 million, has a net book value of $4,40 million, estimated future cash flows of $376 milion and a falr value of $3.16 million Which of the following correctly describes the recording of the asset impairment loss? Multiple Choice The loss account is debited for $0.64 million and the asset account is credited for $0.64 million The loss account is debited for $5.94 million and the asset account is credited for $5.94 million The loss account is debited for $534 million and the asset account is credited for $5 34 million The loss account is debited for $124 million and the user account is credited for $12 million Step by Step Solution
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