In 2009,Cilla Company Acquired Production Machinery at a Cost of $410,000,which

question 69

Multiple Choice

In 2009,Cilla Company acquired production machinery at a cost of $410,000,which now has a accumulated depreciation of $240,000.The undiscounted cash flows from use of the machinery is $190,000 and it's fair value is $145,000.What amount should Cilla recognize as a loss on impairment?

• A)$20,000
• B)$35,000
• C)$70,000
• D)-0-

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Definitions:

Fertility Spirits

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Ancestral Spirits

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