Windsor co. has equipment with a carrying amount of $725,100. the expected future net cash flows from the equipment are $730,100, and its fair value is $621,730. the equipment is expected to be used in operations in the future. what amount (if any) should windsor report as an impairment to its equipment?

Asset is impaired if its Carrying Value exceeds its Recoverable Amount.

No impairment to its equipment is needed to be reported

Explanation:

Data provided in the question:

Carrying amount of equipment  = $725,100

Net cash flows from the equipment = $730,100

Fair value = $621,730

Now,

Impairment loss = Carrying amount - Recoverable amount

Also,

Recoverable amount = Higher of Future net Cash Flows and Fair Value.

Thus,

Recoverable amount = Higher of ( $730,100 and $621,730)

or

Recoverable amount = $730,100

Therefore,

Impairment loss = $725,100 - $730,100

= - $5000

Here,

the negative sign depicts that there is not loss

also,

Asset is impaired if its Carrying Value exceeds its Recoverable Amount.

Hence,

The no impairment to its equipment is needed to be reported

odd consecutive integers are odd integers that follow each other. they have a difference of 2 between every two numbers. if n is an odd integer, then n, n+2, n+4 and n+6 will be odd consecutive integers. the first number in the pattern is always the variable on its own or in this case, "n". examples.

answer/// there is an inverse relationship between price and quantity demanded;