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What x co sold classify the building as

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Reference no: EM132880938

On January 2, 2020, X co. is committed to a plan to sell a manufacturing facility and has initiated action to locate a buyer. Any uncompleted customer orders will be transferred to the buyer. The fair value of the facility is 6,000,000 and its carrying value as of January 2, 2020 is 5,600,000.

Problem 1: On January 2, 2020, X co. sold classify the building as

a. PPE valued at 6,000,000

b. PPE valued at 5,600,000

c. Non-current asset held for sale valued at 6,000,000

d. Non-current asset held for sale valued at 5,600,000

Reference no: EM132880938

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