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Business, 02.12.2020 16:40 qxchung9835

Bonita Industries bought a machine on January 1, 2008 for $809000. The machine had an expected life of 20 years and was expected to have a salvage value of $79000. On July 1, 2018, the company reviewed the potential of the machine and determined that its future net cash flows totaled $402000 and its fair value was $314000. If the company does not plan to dispose of it, what should Bonita record as an impairment loss on July 1, 2018

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Bonita Industries bought a machine on January 1, 2008 for $809000. The machine had an expected life...
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