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What net book value amount must Beerbo report

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Question - Beerbo owns equipment that with an original cost of $900,000 and an accumulated depreciation balance to-date of $380,000. In its impairment analysis, the accounting manager determined that the equipment will generate expected future cash flows of $500,000. Currently, the fair market value of the equipment is assessed at $400,000.

Given the information above, what net book value (NBV) amount must Beerbo report on its financial statements at the end of the current year?

Reference no: EM132525611

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