Anali Corporation Has Determined That Its Drilling Equipment Is Impaired

question 57

Multiple Choice

Anali Corporation has determined that its drilling equipment is impaired.The cost of the equipment is $210,000.Accumulated depreciation recorded to date is $140,000.Anali has determined, that based on market data, the recoverable amount will be $45,000.Determine the amount of the impairment loss that Anali will be required to record.

• A)$25,000
• B)$70,000
• C)$45,000
• D)$210,000

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Definitions:

Superego

In psychoanalytic theory, the part of the personality that acts as the moral center, enforcing ethical conduct and societal norms.

Motives

The reasons behind an individual's actions, desires, and needs which drive their behavior.

Underlying Conflict

A deep-seated disagreement or struggle, often unconscious, that may manifest in behaviors or psychological symptoms.

Controlling the Id

Managing or regulating the part of the psyche associated with instinctual desires and drives, in favor of social conformity and norms.