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12 September, 13:57

Waterway Industries has equipment with a carrying amount of $2510000. The expected future net cash flows from the equipment are $2545000, and its fair value is $2043000. The equipment is expected to be used in operations in the future. What amount (if any) should Waterway report as an impairment to its equipment

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  1. 12 September, 17:08
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    No impairment

    Explanation:

    Since the future net cash flows are still recoverable and they are higher than carrying amount, none needs to be reported
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