The following information is available for Barkley Companys patents: Cost $3,440,000 Carrying amount 1,920,000 Expected future net
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Question:
- The following information is available for Barkley Companys patents:
Cost $3,440,000
Carrying amount 1,920,000
Expected future net cash flows 1,600,000
Fair value 1,300,000
Barkley would record a loss on impairment of
|
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| $ 320,000 |
|
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| $ 620,000 |
|
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| $1,920,000. |
|
|
| $1,840,000. |
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