The demand for one of the major products for a company sustained large and continuing declines. As
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The demand for one of the major products for a company sustained large and continuing declines. As a result, the company performed an asset impairment test on the fixed assets that were associated with the product. The book value of those assets was $2,000,000. The company estimated that the future undiscounted cash flows associated with those assets were $1,920,154. The fair value of those assets was 1,603,335. What amount of impairment should the company record?Provide your answer to the whole dollar (i.e., no decimal places).
Related Book For
Understanding Business Ethics
ISBN: 9781506303239
3rd Edition
Authors: Peter A. Stanwick, Sarah D. Stanwick
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