Question: Current Attempt in Progress Presented below is information for equipment owned by Swifty Company at December 31, 2025: Cost $9,520,000 Accumulated depreciation to date

Current Attempt in Progress Presented below is information for equipment owned by Swifty Company at December 31, 2025: Cost $9,520,000 Accumulated depreciation to date 1,088,000 Expected future net cash flows 6,800,000 Fair value 4,624,000 Assume that Swifty will continue to use this asset in the future. As of December 31, 2025, the equipment has a remaining useful life of 4 years. (a) Fill the missing amounts and choose the correct option. For Swifty company, the recoverability test compares $ the recoverability test, because eTextbook and Media List of Accounts Save for Later to $ is/are less than so a on impairment is recorded in 2025. Attempts: 0 of 1 used Submit Answer

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