Question: xYour answer is incorrect. Try again. Toro Co. has equipment with a carrying amount of $700,000. The expected future net cash flows from the equipment

xYour answer is incorrect. Try again. Toro Co. has equipment with

xYour answer is incorrect. Try again. Toro Co. has equipment with a carrying amount of $700,000. The expected future net cash flows from the equipment are $705,000, and its fair value is $590,000. The equipment is expected to be used in operations in the future. What amount (if any) should Toro report as an impairment to its equipment? (Enter 0 for answer if no impairment is to be reported.) Impairment to be reported Click if you would like to Show Work for this question: Open Show Work

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