Question: help me pls Problem 2 (3 marks) Phoebe Corp is a corporation that specializes in jingles. Phoebe the owner has identified that there is a

help me pls Problem 2 (3 marks) Phoebe Corp is a

help me pls

Problem 2 (3 marks) Phoebe Corp is a corporation that specializes in jingles. Phoebe the owner has identified that there is a piece of equipment that has met the requirements for an impairment test. The equipment has a carrying value of $14,000. The fair value of the equipment is $10,000. The cost to sell would be $1,000. The undiscounted future cash flows of the asset will be $1,800 per year for the next 5 years. Phoebe Corp is a private entity reporting under ASPE, calculate the impairment loss if any on the asset

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