Business
Business, 01.11.2019 04:31, lanakay2006

Midwest services, inc, operates several restaurant chains throughout the midwest. one restaurant chain has experiencedsharply declining profits. the company’s management has decided to test the operational assets of the restaurants forpossible impairment. the relevant information for these assets is presented below. estimated total future cash flows 7.1 millionrequired: 1. determine the amount of the impairment loss, if any.1 repeat requirementl assuming that the estimated total future cash flows are $10 million and the fair value is $8.2million.

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