Answer:
Explanation:
In this scenario, we compare the values between book value and the fair value of equipment, the difference would be the loss on impairment of the asset
In mathematically,
= Book value - fair value
where,
Book value = Equipment cost - accumulated depreciation
= $672,000 - $174,000
= $498,000
And, the fair value is $384,000
Now put these values to the above formula
So, the value would equal to
= $498,000 - $384,00
= $114,000
Now the journal entry would be
Loss on impairment A/c Dr $114,000
To Accumulated depreciation A/c $114,000
(Being the impairment loss is recorded)
Answer:
don't even know what u really saying
B he wants to own his own business so he should study business
Answer:
Assess the current reality
Explanation:
Assessing the current reality of a product in the market is a very important stage before introducing the real product. It helps to analyse the strength and weakness of a product and helps companies to improve them in a short period. To access the current reality the best procedure is to conduct a SWOT analysis.
