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Should the Compony impair thus Asset? Yes or No Justify your answers by demonstrating your Calculation and reasoning. Af Six years had passed (1.2

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Should the Compony impair thus Asset? Yes or No Justify your answers by demonstrating your Calculation and reasoning. Af Six years had passed (1.2 at the End of Year 20x6 the Company Sold the asset for & 60,000. @ show the Journal entries on Dec 31 to record the Any Sale. Hal the Company made any profit or loss from the Sale? Show relevant Calculations. make sure you put DR and CR in front of every entry (since m you have to work with the text and spaces).

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