ABC purchased a machine on Jan 1, 2025 for $74166 with an estimated useful life of 13

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ABC purchased a machine on Jan 1, 2025 for $74166 with an estimated useful life of 13 years and no salvage value

ABC uses the straight line depreciation method

On December 31, 2029 technological changes suggest the machine may be impaired

On December 31, 2029 the machine is expected to generate net cash flows of $4448 per year over its remaining life

On December 31, 2029 the fair value of the machine is $28402.93

On Dec 31, 2029 the carrying value of the machine before any impairment loss is:
On Dec 31, 2029 the impairment loss, if any, is (enter as a negative amount):
On Dec 31, 2029 the carrying value of the machine after any impairment loss is:

Posted Date: May 18, 2024 08:13 AM

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ABC purchased a machine on Jan 1, 2025 for $74166 with an estimated useful life of 13

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