Norton, inc. purchased equipment in 2013 at a cost of $800,000. two years later it became apparent to norton, inc. that this equipment had suffered an impairment of value. in early 2015, the book value of the asset is $520,000 and it is estimated that the fair value is now only $320,000. the entry to record the impairment is

After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of directors of schenkel enterprises. unfortunately, you will be the only person voting for you. the company has 375,000 shares outstanding, and the stock currently sells for $40, if there are four seats in the current election, how much will it cost you to buy a seat?