abc company at december 31,2014

Project Description:

cost 7,000,000
accumulated depreciation 800,000
expected future net cash flows 5,000,000
fair value 3,400,000

a. prepare a journal entry ( if any) to record the impairment of the asset at december 31,2014
b. prepare the journal entry ( if any) to record depreciation expense for 2015
c. the fair value of the equipment at december 31,2015 is 4,100,000 prepare the journal entry( if any) necessary to record this increase in fair value
Skills Required:
Project Stats:

Price Type: Negotiable

Completed
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