Answer:
The amount of the impairment loss for this asset is <u>$110,000</u>
Explanation:
A assets is impaired when the fair market value of that assets lowers than the book value of the asset.
To calculate the impairment of an assets following formula is used
Impairent = Book value of Asset - fair market value of the asset
Placing values in the formula
Impairent = $700,000 - $590,000
Impairent = <u>$110,000</u>
Can you yell at your kids infront of other people. The answer is yes :)
Its a coverage that helps pay to repair or replace your car if it's damaged in an accident with another vehicle or object, such as a fence or a tree
^^from google
The money a person gains after paying a citizens fee ( or for owning property or a building).
Please vote my answer branliest!
<span>Lewis Hine's photos of child laborers have long titles, which fully documented their youthfulness.
</span><span> The photographer Lewis Hine took series of photos on behalf of the National Child Labor Committee,. The photos illustrate the dangers and hardships working children</span> and shows what kids had to go through in early 1900s in America.