Question: 1. Book value = $100 FV= $93 PV future flows= $94 Undiscounted future cash flows = $91 a. Is there an impairment? b. If yes-

1. Book value = $100 FV= $93 PV future flows= $94 Undiscounted future cash flows = $91

a. Is there an impairment?

b. If yes- how much is it?

c. If yes, do the entry.

2. Same as above, except undiscounted future cash flows = $101

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