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Question 2 of 5 10/20 UNT METHY Current Attempt in Progress Blossom Enterprises, Inc. operates several stores throughout the western United States. As part of

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Question 2 of 5 10/20 UNT METHY Current Attempt in Progress Blossom Enterprises, Inc. operates several stores throughout the western United States. As part of an operational and financial reporting review in a response to a downturn in its markets, the company's management has decided to perform an impairment testi on five stores combined), The five stores sales have declined due to aging facilities and competition from a rival that opened new stores in the same markets. Management has developed the following information concerning the five stores as of the end of fiscal 2019. Original cost $ 3470,000 Accumulated depreciation $ 10,500,000 4 years Estimated remaining useful life Estimated expected future annual cash flows (not discounted) $ 3,780,000 per year Appropriate discount rate 5 percent uestion 2 of 5 10/20 Your answer is incorrect Determine the amount of impairment loss, assume that (1) the estimated remaining useful life is 10 years, (2) the estimated annual cash flows are $ 2,535,670 per year, and (3) the appropriate discount rate is 6 percent. (Round present value factor calculations to 5 decimal places, eg, 1.25124 and the final answer to O decimal places eg. 5,125. If no loss, enter amount as o.) Amount of impairment loss $

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