Question
Sylvia Company has a long term plan asset with the following information at the end of the year. Net book Value: $87,400 Estimated future cash
Sylvia Company has a long term plan asset with the following information at the end of the year.
Net book Value: $87,400
Estimated future cash flows: $68,000
Fair value: $66,000
The amount of impairment loss is:
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Financial Accounting Theory And Analysis Text And Cases
Authors: Richard G. Schroeder, Myrtle W. Clark, Jack M. Cathey
9th Edition
9780470128817
