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Question(don't copy i want text answer only).. Chadwick Enterprises, Inc., operates several restaurants throughout the Midwest. Three of its restaurants located in the center of
Question(don't copy i want text answer only).. Chadwick Enterprises, Inc., operates several restaurants throughout the Midwest. Three of its restaurants located in the center of a large urban area have experienced declining profits due to declining population. The company's management has decided to test the restaurants for possible impairment. The relevant information is presented below. Book value $6.5 million Estimated undiscounted sum of future cash flows 6.5 million Fair value of assets 8.5 million Fair value of liabilities 2.25 million What is the amount of the impairment loss, if any? $250,000 $2,000,000 $6,250,000 No impairment is indicated
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