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The information regarding the fixed assets of Broadwing Company as of December 31, 2019 is provided below $80,000 $1 05.000 Expected future cash flows from
The information regarding the fixed assets of Broadwing Company as of December 31, 2019 is provided below $80,000 $1 05.000 Expected future cash flows from the fixed assets Carrying value of fixed assets Present value of expected future cash flows from the fixed assets Selling price of fixed assets$90,000 $68,000 What is the amount of impairment loss under US GAAP? a. $10,000 b. $25,000 c. $23,000 d. $15,000
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