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Marrrta [24]
3 years ago
7

Your company rents computers to local businesses and schools. You have 4,000 computers with a book value of $185,000. As a resul

t of changing technology, your computers are more difficult to rent so you must drastically reduce your rental price, which causes a decrease in estimated future cash flows. The fair value of the computers is estimated to be $119,500 because of their outdated technology.
Your company should report an asset impairment loss of $______.
Business
1 answer:
andriy [413]3 years ago
6 0

Answer:

47,000

Explanation:

Impairment Loss = Book Value − Fair Value

$180,500 − $133,500 = $47,000

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the answer is C

Explanation:

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5 0
2 years ago
What are operating expenses?
skad [1K]

Answer:

see below

Explanation:

Operating expenses are the cost a business incurs while engaging in its normal business operations. They are the costs not directly be attached to the production process. A business incurs operating expenses in managing it day to day activities. They exclude one time expenses such as judgment cost,  accounts adjustments, and other non-recurring costs.

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