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How much should the impairment loss be under US GAAP

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Reference no: EM133012100

A manufacturing equipment held for use has the following details:

Carrying value: 200,000

Undiscounted future cash flows: 220,000

Discounted future cash flows: 180,000

Fair value: 170,000

Problem 1: How much should the impairment loss be under U.S. GAAP?

a. 20,000

b. 40,000

c. 30,000

d. none

Reference no: EM133012100

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