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What amount should the corporation record as an impairment

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Reference no: EM133002436

Problem 1: Blue Corporation has an equipment with a P1,600,000 carrying value. The equipment's discounted future net cash flows are P1,630,000, and its fair value is P1,360,000. The equipment is anticipated to be utilized in future operations. What amount (if any) should the corporation record as an impairment to the equipment?

Reference no: EM133002436

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