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Business, 23.03.2021 01:30 dulce129

Beach Rentals purchased equipment in 2018 at a cost of $675,000. Two years later it became apparent to Beach Rentals that this equipment had suffered an impairment of value. In early 2020, the book value of the assets is $405,000, the expected future net cash flows are $230,000 and the fair value is now only $180,000. The entry to record the impairment is

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Beach Rentals purchased equipment in 2018 at a cost of $675,000. Two years later it became apparent...
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