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Business, 30.10.2019 00:31 phillipsangela014
Sanders corporation operates a factory in arizona. due to a change in business climate an impairment test is deemed appropriate. management has acquired the following information: cost $243,000,000 accumulated depreciation 112,000l,000 estimate of the total undiscounted future cash flows 110,000,000 present value of estimated future cash flows 94,000,000 estimated fair value of the arizona factory, as appraised 90,000,000 required: a) determine the amount of the impairment loss if any. b) if a loss is indicated, prepare the entry to record the loss.
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