What is the total amount of impairment loss at alou should record? 3 Summer 2023 i Alou

What is the total amount of impairment loss at alou should record?

 

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3 Summer 2023 i Alou Corporation reported the following information at year-end: Estimated Cash Flows Building Patent Copyright Machine Book Value $590,000 $ 40,000 $ 45,000 $105,000 $385,000 $ 45,000 $ 43,000 $125,000 Fair Value $400,000 $ 42,000 $ 44,000 $ 88,000 Based on the above information, what is the total amount of impairment lo 3 Summer 2023 i Alou Corporation reported the following information at year-end: Estimated Cash Flows Building Patent Copyright Machine Book Value $590,000 $ 40,000 $ 45,000 $105,000 $385,000 $ 45,000 $ 43,000 $125,000 Fair Value $400,000 $ 42,000 $ 44,000 $ 88,000 Based on the above information, what is the total amount of impairment lo

Answer rating: 100% (QA)

To calculate the total amount of impairment loss we need to compare the carrying amount book value o... View the full answer