Your company rents computers to local businesses and schools. You have 4,000 computers with a book value of $185,000. As a result of changing technology, your computers are more difficult to rent so you must drastically reduce your rental price, which causes a decrease in estimated future cash flows. The fair value of the computers is estimated to be $119,500 because of their outdated technology.
Your company should report an asset impairment loss of $.
Solved
Show answers
More tips
- C Computers and Internet How to Delete Your Account on Odnoklassniki...
- H Health and Medicine What to Do When Your Jaw Locks Up?...
- G Goods and services What Are the Most Popular Services?...
- P Philosophy How did the concept of module arise in computer science?...
- F Food and Cooking How to Cook Julienne? Recipes and Tips...
- D Dating, Love, Relationships 10 Useful Tips on How to Survive a Breakup?...
- F Food and Cooking Apple Cider Vinegar: The Ultimate Health and Beauty Solution...
- C Computers and Internet Е-head: How it Simplifies Life for Users?...
- F Family and Home How to Choose the Best Diapers for Your Baby?...
Answers on questions: Business
- B Business Trade between the middle east brought the black death to europe because...
- B Business You paid cash for $1,400 worth of stock a year ago. Today the portfolio is worth $2,134. a. What rate of return did you earn on the investment?...
- B Business What are the unique financial reporting implications of the Partnership entity in comparison with the Proprietorship and Corporate structures? How does the closing...
- B Business George bought the following amounts of Stock A over the years: (Loss amounts should be indicated with a minus sign.) Date Purchased Number of Shares Adjusted Basis...
- B Business In building a marketing presence on F a c e b o o k, you find that you have to spend a lot of time copying content from your T w I t t er feed to your F a c e b o o...
- B Business When supplies ordered for use in an activity accounted for in the General Fund of a government are received at an actual price which is less than the estimated price...
- B Business Kim s brokerage company offers dual agency. Tom and Don are two of her licensed agents. Tom ha been appointed to represent the seller, and Don has been appointed to...
- B Business When computing diluted earnings per share, how are convertible bonds treated? A. ignored B. assumed converted whether they are dilutive or antidilutive C. assumed converted...
- B Business . Next suppose that the cost of renting a vehicle falls back down to $100 per day but, due to extremely congested freeways, an additional vehicle would only be able...
- M Mathematics Please help me with this homework...
Ответ:
47,000
Explanation:
Impairment Loss = Book Value − Fair Value
$180,500 − $133,500 = $47,000
Ответ: