Business, 03.03.2020 01:31 issapolly

Equipment has a book value of $16,000 and a fair value of $14,750. The decline in value meets the two-step impairment test. Prepare the entry to record this $1,250 impairment.

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Equipment has a book value of $16,000 and a fair value of $14,750. The decline in value meets the tw...

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