Question
Waterway Industries has equipment with a carrying amount of $ 2510000 . The expected future net cash flows from the equipment are $ 2545000 ,
Waterway Industries has equipment with a carrying amount of $2510000. The expected future net cash flows from the equipment are $2545000, and its fair value is $2043000. The equipment is expected to be used in operations in the future. What amount (if any) should Waterway report as an impairment to its equipment?
No impairment should be reported.
$502000.
$467000.
$35000.
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Intermediate Accounting
Authors: kieso, weygandt and warfield.
14th Edition
9780470587232, 470587288, 470587237, 978-0470587287
