Based on the Following Information, What Is the Net Amount

question 102

Multiple Choice

Based on the following information, what is the net amount that this equipment should be reported at on FlexiHose's balance sheet at December 31, 2021? $$\begin{array} { | l | r | } \hline \text { Cost } & \$ 500,000 \\\hline \text { Accumulated depreciation } & 250,000 \\\hline \text { Value in use (sum of discounted cash flows) } & 220,000 \\\hline \text { Fair value } & 240,000 \\\hline \text { Disposal costs } & 10,000 \\\hline\end{array}$$

• A)$220,000
• B)$230,000
• C)$240,000
• D)$250,000

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Definitions:

Bipolar II Disorder

A type of bipolar disorder characterized by patterns of depressive episodes and hypomanic episodes, but not the full-blown manic episodes typical of Bipolar I Disorder.

Cyclothymic Disorder

A mood disorder characterized by chronic, fluctuating mood disturbances involving numerous periods of hypomanic symptoms and periods of depressive symptoms.

Hypomanic Episode

A period of abnormally elevated, expansive, or irritable mood and increased activity or energy that is less severe than a manic episode.

Pediatric Bipolar Disorder

A mental health condition affecting children and adolescents, characterized by extreme mood swings that include emotional highs (mania or hypomania) and lows (depression).