Maple Inchas the Following Information Regarding Its Assets: What Amount of of Loss

question 84

Multiple Choice

Maple Inc.has the following information regarding its assets: What amount of loss should be recorded due to asset impairments?

• A)$10,000
• B)$9,000
• C)$8,000
• D)$7,000Only the equipment is impaired since its estimated future cash flows are less than book value.The impairment loss is calculated as the difference between the book value and the fair value (35,000 - $28,000)= $7,000.

---

Definitions:

Simple Sentence

A sentence structure containing a single independent clause with a subject and a predicate.

Complex Sentence

A sentence type that consists of at least one independent clause and one or more dependent clauses.

Proposition

A statement or assertion that expresses a judgment or opinion.

Definitional Theory

A theory that focuses on providing clear, precise definitions as a foundation for understanding concepts or phenomena.