Truffle inc. acquired a patent on january 1, 2014 for $7,800,000. it was expected to have a 10 year life and no residual value. truffle uses straight-line amortization for its patents. on december 31, 2017, the expected future cash flows from the patent are $518,000 per year for the next six years. the present value of these cash flows, discounted at truffle's market interest rate, is $2,120,000. what amount, if any, of impairment loss will be reported on truffle's 2017 income statement? (a)$1,340,000.(b)$2,120,000.(c)$2,560,000.(d)$4,680,000.
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Ответ:
The correct answer to the following question will be Option C.
Explanation:
The strategy execution method offers a systematic framework to explain, interact, enforce, and conduct policy. The objective of this project would be to ensure that the organization focuses on building value-added technologies and implementing value-optimizing expenditures.Bringing together a good leadership people with the highest combination of talents, abilities, as well as the desire to do tasks has become one of the measures to follow to initiate this venture.Other choices have no relation with the specified scenario. So Option C seems to be the right response.