Do fast of this question answer general Accounting The following information is available for Tech Solutions' softwarelicense: Cost: $2,800,000 Carrying amount: $1,500,000 Expected futurenet cash flows: $1,300,000 Fair value: $900,000What is the loss on impairment that Tech Solutions should record?a. $600,000b. $400,000c. $2,800,000d. $1,500,000

Step 1: Define Impairment LossImpairment loss occurs when the carrying amount of an asset exceeds…

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Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 7EB: An auto repair company needs a new machine that will check for defective sensors. The machine has an...

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22. Impairment Brown Industries has two machines that it believes may be impaired. Information on the machines is shown below. Book Value Estimated FutureCash Flows Fair Value Machine 1 $42,000 $50,000 $40,000 Machine 2 50,000 40,000 32,000 Required: For each machine, determine if the machine is impaired. If so, calculate the amount of the impairment loss. (If a machine is not impaired, enter 0 as your answer.) Enter your answers as positive values.
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Calculate the NPV of an asset replacement given the following information: Investment = $180,000; salvage recovered now = $70,000; operating cash flows = $180,000; PV of salvage forgone = $5,500; PV of salvage recovered = $14,000; CCATS = $35,000. Multiple Choice $119,500 $121,500 $115,500 $113,500 $117,500
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PC Shopping Network may upgrade its modem pool. It last upgraded 1 year ago, when it spent $114 million on equipment with an assumed life of 4 years and an assumed salvage value of $22 million for tax purposes. The firm uses straight-line depreciation. The old equipment can be sold today for $86 million. A new modem pool can be installed today for $156 million. This will have a 3-year life, and will be depreciated to zero using straight-line depreciation. The new equipment will enable the firm to increase sales by $15 million per year and decrease operating costs by $12 million per year. At the end of 3 years, the new equipment will be worthless. Assume the firm's tax rate is 35% and the discount rate for projects of this sort is 13%. (Enter your answers in millions. For example, an answer of $13,000,000 should be entered as 13. Use minus sign to enter cash outflows, if any.) a. What is the net cash flow at time 0 if the old equipment is replaced? (Do not round intermediate…
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