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Question 40 Vaughn Co. has equipment with a carrying amount of $690,500. The expected future net cash flows from the equipment are $695,710, and
Question 40 Vaughn Co. has equipment with a carrying amount of $690,500. The expected future net cash flows from the equipment are $695,710, and its fair value is $617,920. The equipment is expected to be used in operations in the future. What amount (if any) should Vaughn report as an impairment to its equipment? (Enter 0 for answer if no impairment is to be reported.) Impairment to be reported
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