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QUESTION 1 At the end of its 2020 fiscal year, a triggering event caused Kingston Corporation to perform an impairment test for one of its

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QUESTION 1 At the end of its 2020 fiscal year, a triggering event caused Kingston Corporation to perform an impairment test for one of its manufacturing facilities. The following information is available: Book value $ 150million Estimated undiscounted future cash flows 155million 140million Fair value Compute the impairment value if any. T T T Arial 3 (12pt) T-E- E -- O's Path:p Words:0

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