On December 31,2018,CA Inc

question 116

Multiple Choice

On December 31,2018,CA Inc.had a machine with an original cost of $20,000 and accumulated depreciation of $5,000.An impairment test on that date indicated that the machine had a value in use of $12,000 and a fair value of $10,000 (no disposal costs) .What impairment loss is recorded for fiscal 2018?

• A)$3,000
• B)$5,000
• C)$8,000
• D)$10,000

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Definitions:

Participant Observation

A qualitative research method in which the researcher immerses themselves in a community or group to observe behaviors and interactions from an insider perspective.

Cultural Group

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The scientific study of primates, including their behavior, biology, evolution, and ecology.

Fossil Primates

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