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Find the impairment loss company a should recognize

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Reference no: EM133137346

Question - Company A operates a manufacturing plant in California. Due to a change in business climate, an impairment test is deemed appropriate. Management has acquired the following information for the assets at the plant:

Original Cost $58,500,000

Accumulated Depreciation 26,400,000

Estimated Undiscounted Future Cash Flows from the Assets 30,000,000

Estimated Fair value of the California Plant Assets 24,000,000

Required - Find the impairment loss Company A should recognize?

Reference no: EM133137346

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