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:

Confidence Level

The probability that a parameter will fall between a pair of specified values, often used in the context of confidence intervals.

Sample Size

The number of observations or data points that are collected in a statistical study from a population.

Population Standard Deviation

The population standard deviation is a measure that quantifies the amount of variation or dispersion of a set of data values in a whole population.

Confidence Level

The percentage or degree of confidence that a parameter lies within a specified range, usually associated with confidence intervals in statistics.