1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nordsb [41]
3 years ago
11

Consider the following information about an asset that is being review for impairment: Book value $ 700,000 Estimate future cash

flows 650,000 Fair value 590,000 What is the amount of the impairment loss for this asset?
Business
1 answer:
erastovalidia [21]3 years ago
3 0

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>

You might be interested in
The _____ is a production period long enough for the firm to adjust the
EastWind [94]

Answer:

long run, productive resources

4 0
3 years ago
cost $24,000 with a six-year life and no salvage value. The company expects to sell the machine's output of 3,000 units evenly t
Vikentia [17]

Answer:

4 years

Explanation:

The computation of the payback period is shown below:

Payback period is

= Cost of a Machine ÷ Annual cash flow

where,

Cost of a machine = $24,000

And, the annual cash flow is

= Net Income + Depreciation  expense

= $2,000 + $4,000

= $6,000

Now placing these values to the above formula

So, the payback period is

= $24,000 ÷ $6,000

= 4 years

7 0
2 years ago
You would like to use the periodic review model to compute the desired order quantity for a company. You know that vendor lead t
skad [1K]

Answer:

a. 40

Explanation:

The computation of the standard deviation of the demand is shown below:

= 8 × √(5+20)

= 8 × √25

= 8 × 5

= 40

Hence, the standard deviation of the demand is 40

Therefore the first option is correct and the same is to be considered

7 0
2 years ago
Isabel would spend $200 per week on groceries for her family if she did not use coupons. Her coupons save her 10 percent of that
dexar [7]

The amount she would have in her savings account is $20.

A coupon reduces the purchase price of an item. So, the amount Isabel would pay for the groceries is reduced by the value of the coupon. The amount of savings Isabel would have in her account is a function of the amount her coupons saves her.

Amount Isabel would save if she uses the coupon = amount she spent x discount

$200 x 10%

$200 x 0.1 = $20

To learn more about discounts, please check: brainly.com/question/25764815

8 0
2 years ago
ABC Corp. is considering an investment project that costs $500 today. It expects the project will yield income of $200 at the en
lilavasa [31]

Answer:

B) no more than 9%

Explanation:

The computation of the rate of interest is given below:

Given that

Initial Cost = $500

Yearly Yield = $200

Based on the above information  

Let us assume the rate of interest be 10%

So,

PV at 10% is

= - $500 + $200 ( P/A , 10% , 3 )

= -$500 + $200 ( 2.487 )

= - 500 + 497.4

= -2.6

As we can see that the at 10% there is a negative value and if we take more than 10% so again it would be the negative value

Now

Let us assume the rate of interest be 10%

So,

PV at 8% is

= - $500 + $200 ( P/A , 8% , 3 )

= -$500 + $200 ( 2.577 )

= -$500 + $515.4

= $15.4

So the rate of interest would not be more than 9%

8 0
3 years ago
Other questions:
  • With respect to advertising, _____ opinion leadership can involve presenting the results of surveys showing that a high percenta
    7·1 answer
  • The late famous broadcast journalist Walter Cronkite said that one of his regrets in life was not actively participating in the
    14·1 answer
  • Which is the following one of the first things you should do when preparing to present yourself to an employee
    9·1 answer
  • Taco Bell and McDonald’s are considering adding kiosks in restaurants for customers to place their orders. This will hopefully m
    15·1 answer
  • Lea Company produces hand tools. Budgeted sales for March are 10,900 units. Beginning finished goods inventory in March is budge
    15·1 answer
  • At the end of 2021, Marin Co. has accounts receivable of $754,500 and an allowance for doubtful accounts of $23,960. On January
    15·1 answer
  • _____________________ argues that the productivity of workers will increase if they are paid more, and so employers will often f
    9·1 answer
  • In Exodus, Chapter 20, the Lord, having presented himself as a thick cloud, seals the covenant by giving the Israelites a. the T
    14·1 answer
  • A fund manager is considering three mutual funds. The 1st is a stock fund, the 2nd is a long-term government and corporate bond
    11·1 answer
  • Bavarian Bar and Grill opened for business in November 2021. During its first two months of operation, the restaurant sold gift
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!