Business
Business, 25.12.2019 21:31, amanuelwold

Kingbird inc. owns equipment that cost $672,000 and has accumulated depreciation of $174,000. the expected future net cash flows from the use of the asset are expected to be $444,000. the fair value of the equipment is $384,000.

prepare the journal entry, if any, to record the impairment loss. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when amount is entered. do not indent manually.)

account titles and explanation debit credit

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Kingbird inc. owns equipment that cost $672,000 and has accumulated depreciation of $174,000. the ex...

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