Question
xyz merchandising has a patent with carrying value of 1,000,000. The expected future net cash flows from use of the patent are $1,200,000 and the
xyz merchandising has a patent with carrying value of 1,000,000. The expected future net cash flows from use of the patent are $1,200,000 and the patent has a current fair value of $900,000. Calculate the impairment loss(if any)
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Managerial Accounting
Authors: Susan V. Crosson, Belverd E. Needles
11th Edition
0538742801, 978-0538742801
