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Question 3 of 3 View Policies Current Attempt in Progress The information that follows relates to equipment owned by Sweet Acacia Limited at December
Question 3 of 3 View Policies Current Attempt in Progress The information that follows relates to equipment owned by Sweet Acacia Limited at December 31, 2020 Cost $8,460,000 Accumulated depreciation to date 940,000 Expected future net cash flows fundiscounted) 6,580,000 Expected future net cash flows (discounted, value in use) 5.969.000 Fair value 5.828,000 Costs to sell (costs of disposal) 47,000 /201 Assume that Sweet Acacia will continue to use this asset in the future. As at December 31, 2020, the equipment has a remaining useful life of four years. Sweet Acacia uses the straight-line method of depreciation 70 AM 2012-06-24
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