Mikes Bikes produces specialized bicycle frames. The production process uses two machines, which together form a cash
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a. Assume that the welding machine has a fair value less cost to sell of $160,000. Determine the amount of impairment that should be recorded for the cash generating unit and for each of the two machines.
b. Assume that the welding machine has a fair value less cost to sell of $220,000. Determine the amount of impairment that should be recorded for the cash generating unit and for each of the two machines.
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