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Business, 13.08.2021 19:50 sonyarucker

Pinkerton Corp. uses the cost model for intangible assets. On April 10, year 3, Pinkerton acquired assets for $100,000. On December 31, year 3, it was determined that the recoverable amount for these intangible assets was $80,000. On December 31, year 4, it was determined that the intangible assets had a recoverable amount of $84,000. What is the impairment gain or loss recognized in year 3 and year 4 on the income statement

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Pinkerton Corp. uses the cost model for intangible assets. On April 10, year 3, Pinkerton acquired a...
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