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What is the present value of future cash flows rounded

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Reference no: EM132500103

Impairment

The Blueberry Phone Company operates a factory to build its Crackberry phone. Technological advances by Blueberry's competitors demolished Crackberry sales. Consequently, management is evaluating the Crackberry factory for impairment as of December 31, 2014. Below are facts about the factory.

Original cost                      $150 million

Accumulated depreciation      65 million

Future cash flows:

2015                              45 million

2016                                  20 million

2017 10                                 million

Question 1: Is factory impaired? Why?

Question 2: What is the present value of future cash flows rounded to $100,000 (Assume the cash is received at the end of each year and use an interest rate of 10%.):

2015

2016

2017

total

Question 3: What is the impairment loss?

Reference no: EM132500103

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