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Waterway Industries has equipment with a carrying amount of $2510000. The expected future net cash flows from the equipment are $2545000, and its fair value is $2043000. The equipment is expected to be used in operations in the future. What amount (if any) should Waterway report as an impairment to its equipment

User Mihatel
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1 Answer

5 votes

Answer:

No impairment

Step-by-step explanation:

Since the future net cash flows are still recoverable and they are higher than carrying amount, none needs to be reported

User Stephen Hines
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