CALC EXCEL OVERVIEW HELP 12 3 4 5 6 7 89 10 11 12 13 14 15 16 17 18 19 20 21 22 ?6 27 28 29 301 31 32.3334. 35 36. 37 38. 39 40 41 42 43 44 45. 24 25 47 48 49 50 51 52 53 541 55R 56 57 58R 59 60 61 62 63 64 65R 66 67 68 69 70 71R 72 73 68* Gem Co. determined that, due to obsolesc January 1, Year 2, of $420,000 had suffered from the use and disposition of this long-lived asset is less than its carrying amount, and its fair value at t In addition, the remaining useful life of the equipment was r used ins December 31, Year 2, balance sheet what amount should Gem repotasacclated deprecsation? ence, equipment with an original cost of $900,000 and accumulated depreciation at an impairment loss. The sum of the undiscounted cash flows expected to result at date was $ 300,000 years to 3 Assuming that the straight line method s educed from 8 520,000 O$700,000 O $600,000 O $100,000 here to search