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Suppose that Breakfast Enterprises bought some wasehouses for $2.5M that they have on their books at a value of $20M. They expected to obtain rents
Suppose that Breakfast Enterprises bought some wasehouses for $2.5M that they have on their books at a value of $20M. They expected to obtain rents of 5 : 5M a year for 30 years, however they are seeing less usage due to more production in the U.S. and they have changod their estinate to only obtaining $1.0M for 20 years. Which of the following is true? A. Thay must take an impairtnent write down of 55M B. They must take an impairment write down of 34M C. They must take an impairment write down of 51M D. They do not need to thke an impairment write down
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