Business, 30.11.2019 01:31 sbelgirl2000

The management of marigold inc. was discussing whether certain equipment should be written off as a charge to current operations because of obsolescence. this equipment has a cost of $936,000 with depreciation to date of $416,000 as of december 31, 2020. on december 31, 2020, management projected its future net cash flows from this equipment to be $312,000 and its fair value to be $239,200. the company intends to use this equipment in the future.

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