Machinery will generate net future cash inflow

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Mains Corporation owns equipment with a cost of $290,000 and accumulated depreciation at December 31, 2014 of $150,000. It is estimated that the machinery will generate net future cash inflows of $165,000 on a present value basis. The machinery has a fair market value of $115,000 at December 31, 2014. Mains should recognize a loss for impairment of

Reference no: EM13827420

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Machinery will generate net future cash inflow : Mains Corporation owns equipment with a cost of $290,000 and accumulated depreciation at December 31, 2014 of $150,000. It is estimated that the machinery will generate net future cash inflows of $165,000 on a present value basis. The machinery has a..

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