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Business, 03.12.2021 05:00 HerecomesDATBOI09

Equipment has a book value of $16,000 and a fair value of $14,750. The decline in value meets the impairment test. Prepare the entry to record this $1,250 impairment.

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Equipment has a book value of $16,000 and a fair value of $14,750. The decline in value meets the im...
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