B-11.05 Worksheet

B-11.05 Worksheet - Actions of competitors have forced...

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Name: Date: Section: B-11.05 Impaired? Yes No An abandoned building is slated for demolition Equipment that will continue to be used as planned in the production of profitable projects; however, a forced sale of the equipment would not recover its book value Used equipment is no longer in use, but will be sold for more than its book value Newly purchased assets for which the company significantly overpaid, and which have costs that will not be recovered from future cash flows
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Unformatted text preview: 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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