Business
Business, 31.12.2019 04:31, wichserc3399

Technique co. has equipment with a carrying amount of $1,600,000. the expected future net cash flows from the equipment are $1,630,000, and its fair value is $1,360,000. the equipment is expected to be used in operations in the future.

what amount (if any) should technique report as an impairment to its equipment?

a. no impairment should be reported.
b. $240,000
c. $30,000
d. $270,000

answer
Answers: 1

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Technique co. has equipment with a carrying amount of $1,600,000. the expected future net cash flows...

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