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Seraca has tanker rail cars with a cost of $800,000 and accumulated depreciation of $350,000. The rail cars have a twenty year remaining life. It
- Seraca has tanker rail cars with a cost of $800,000 and accumulated depreciation of $350,000. The rail cars have a twenty year remaining life. It was determined that they have an expected future cash flow of $20,000 per year. The discount rate is six percent. Are the rail cars impaired and if so, what is their new carrying value.
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