question archive 6) Presented below is information related to long term assets owned by comet company at December 31,2019 original cost depreciation or amortization to date expected future net cash flows (undiscounted) fair market value equipment 500,000 47,500 450,000 443,500 the impairment should be 9000 40,000 56000 0
6) Presented below is information related to long term assets owned by comet company at December 31,2019 original cost depreciation or amortization to date expected future net cash flows (undiscounted) fair market value equipment 500,000 47,500 450,000 443,500 the impairment should be 9000 40,000 56000 0
Subject:AccountingPrice:2.86 Bought3
6) Presented below is information related to long term assets owned by comet company at December 31,2019
original cost
depreciation or amortization to date
expected future net cash flows (undiscounted)
fair market value
equipment
500,000
47,500
450,000
443,500
the impairment should be
- 9000
- 40,000
- 56000
- 0
