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Business, 14.04.2020 17:25 Mdaulton1182

Your company rents computers to local businesses and schools. You have 4,000 computers with a book value of $185,000. As a result of changing technology, your computers are more difficult to rent so you must drastically reduce your rental price, which causes a decrease in estimated future cash flows. The fair value of the computers is estimated to be $119,500 because of their outdated technology.
Your company should report an asset impairment loss of $.

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Your company rents computers to local businesses and schools. You have 4,000 computers with a book v...
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