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Prepare the journal entry to record any impairment losses

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As part of its year end procedures JB fletcher company assessed its assets value and prepared the following schedule on adjusted values at its Dec 31,2017 year end

Assets                         Cost                   Accumulated Depreciation                      Recoverable Amount

Building                        275000                           92160                                      221000

Truck                           56250                              42875                                     10000

Computer Equipment        78765                               68000                                       11765

Question 1: Prepare the journal entry to record any impairment losses at Dec 31,2017

Reference no: EM132557565

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