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Unformatted text preview: book value Newly purchased assets for which the company significantly overpaid, and which have costs that will not be recovered from future cash flows Actions of competitors have forced McMahan to permanently lower prices, and certain items of equipment continue to be used at full capacity, even though the resulting production is unprofitable and will not recover cost The maintenance department failed to properly lubricate the bearings on a crane, and it is now significantly damaged...
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This note was uploaded on 02/29/2012 for the course ACCOUNTING 101 taught by Professor Hudack during the Spring '11 term at FIU.
- Spring '11