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Question #20. Determination & Measurement ofImpairment Loss: AtDecember 31, 2015, Erse Company has following specialized equipment: ay $ 75,000 74,000 2,500 65,000 69,000 o Selling
Question #20. Determination & Measurement ofImpairment Loss: AtDecember 31, 2015, Erse Company has following specialized equipment: ay $ 75,000 74,000 2,500 65,000 69,000 o Selling price. o Expected future cash flow.. Present value of expected future cash flows Required: Determine whether or not an impairment loss exists and journalize as needed Show your computations! Journalize below if necessary. Account Name Debit Credit
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