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Answer to Question #220443 in Accounting for CINCIN

Question #220443

On January 1, 2019, ELITE COMPANY PURCHASED EQUIPMENT WITH COST OF 11,000,000 What amount should be recognized as impairment loss for 2019? 


1
Expert's answer
2021-07-26T17:08:03-0400

Impairment Loss = Carrying amount - Recoverable Amount


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