Question: need help with this question pls Torque Co has equipment with a carrying amount of $2,400,000. The expected future net cash flows from the equipment
need help with this question pls
Torque Co has equipment with a carrying amount of $2,400,000. The expected future net cash flows from the equipment are $2.445 000, and its fair value is $2,040,000. The equipment is expected to be used in operations in the future. What amount (if any) should Torque report as an impairment to its equipment? O No impairment should be reported $360,000 $45.000 $405,000
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