Oak Inc has the following information regarding its assets Value in books Estimated Cash Flow fair value Equipment ps 35,000 ps 30,000 ps 28,000 Building ps 68,000 ps 70 000 ps 65,000 Patent ps 30,000 ps 34,000 ps 32,000 What amount of loss should be recorded due to asset impairment ...

1 Equipment Carrying value ps35000 Recoverable amount ps28 ...

Oak Inc. has the following information regarding its assets: Value in books Estimated Cash Flow fair value

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Oak Inc. has the following information regarding its assets:

	Value in books		Estimated Cash Flow		fair value
Equipment	ps	35,000	ps	30,000	ps	28,000
Building	ps	68,000	ps	70.000	ps	65,000
Patent	ps	30,000	ps	34,000	ps	32,000

What amount of loss should be recorded due to asset impairment?

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0132162302

1st edition

Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella

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Posted Date: May 11, 2023 07:02 AM

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Oak Inc. has the following information regarding its assets: Value in books Estimated Cash Flow fair value

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Intermediate Accounting

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