Lima Bean Company produces two distinct product lines: dried beans and canned beans. Due to changing consumer
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Determine whether either product line is impaired, and if so, the amount of the impairment.
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Dried $9,000,000 3,700,000 6,100,000 180,000 1,100,000 1,400,000 1,700,000 2,000,000 Canned Original cost Accumulated depreciation Fair value Costs to sell Incremental cash low 2011 Ineremental cash flow 2012 Ineremental cash flow 2013 Incremental cash flow 2014 Incremental cash flow 2015 and later Risk-adjusted cost of capital $12,000,000 4,500,000 7,300,000 310,000 2.200,000 3,000,000 3,500,000 0 12% 12%
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Dried product line Nominal amount Discount factor PV of cash flows Incremental cash flow 2011 110000...View the full answer
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