Business, 24.12.2019 00:31 ambercable3

Martinez corporation owns a patent that has a carrying amount of $310,000. martinez expects future net cash flows from this patent to total $250,000. the fair value of the patent is $160,000. prepare martinez’s journal entry to record the loss on impairment.

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Martinez corporation owns a patent that has a carrying amount of $310,000. martinez expects future n...