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What is the amount of expected future cash flows

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Problem 1: During November, Plummer Company determined as result of a plant rearrangement that there had been a significant change in the manner in which a machinery was going to be used in manufacturing process. In December, an analysis of the future cash flows related to the machinery resulted in the following information: Expected future cash inflows from use of the machinery 700,000; Expected future cash outflows from use of the machinery 150,000; Expected future cash proceeds from sale of the machinery at the disposal date 100,000. For purpose of determining whether or not the entity should recognize an impairment, what is the amount of expected future cash flows that would be used for the machinery?

Reference no: EM132675021

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