Question: please check images. Only really need Part d . Computing and Assessing Plant Asset Impairment Zeibart Company purchased equipment for $ 3 1 5 ,
please check images. Only really need Part d
Computing and Assessing Plant Asset Impairment
Zeibart Company purchased equipment for $ on July with an estimated useful life of years and expected salvage value of $ Straightline depreciation is used.
On July economic factors cause the fair value of the equipment to decline to $ On this date, Zeibart examines the equipment for impairment and estimates $
in future cash inflows related to use of this equipment.
a Compute the impairment loss, if any. $
Enter as a positive number. Enter $ if the equipment would not be considered impaired.
b Determine the amount of depreciation Zeibart would record for the months from
July through June
Hint: Assume no change in salvage value.
Round amount to the nearest whole dollar amount
c Using the financial statement effects template, report the impairment loss, if any, and
depreciation for the months ending June
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