Under USGAAP,if the Carrying Value Was $50,000,the Undiscounted Expected Future Cash

question 30

Multiple Choice

Under U.S.GAAP,if the carrying value was $50,000,the undiscounted expected future cash flows was $55,000,the discounted expected future cash flows was $51,000 and the selling price was $53,000,what is the amount of Impairment Loss?

• A)$5,000
• B)$3,000
• C)$1,000
• D)$0

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Definitions:

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