In 2011,ZeeTee Inc

question 71

Multiple Choice

In 2011,ZeeTee Inc.acquired production machinery at a cost of $630,000,which now has a accumulated depreciation of $380,000.The undiscounted cash flows from use of the machinery is $220,000.and it's fair value is $195,000.What amount should Condor recognize as a loss on impairment?

• A)$185,000
• B)$55,000
• C)$25,000
• D)-0-

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