Recognition of impairment for property plant and

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70. Recognition of impairment for property, plant, and equipment is required if book value exceeds: A. Fair value. B. Present value of expected cash flows. C. Undiscounted expected cash flows. D. Accumulated depreciation. 71. The amount of impairment loss is the excess of book value over: 72. Accounting for impairment losses:
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73. In testing for recoverability of property, plant, and equipment, an impairment loss is required if the: 74. At the end of its 2013 fiscal year, a triggering event caused Janero Corporation to perform an impairment test for one of its manufacturing facilities. The following information is available: The manufacturing facility is: A. Impaired because its book value exceeds undiscounted future cash flows. B. Not impaired because its book value exceeds undiscounted future cash flows. C. Not impaired because it continues to produce revenue. D. Impaired because its book value exceeds fair value.
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75. Fryer Inc. owns equipment for which it paid $90 million. At the end of 2013, it had accumulated depreciation on the equipment of $27 million. Due to adverse economic conditions, Fryer's management determined that it should assess whether an impairment loss should be recognized for the equipment. The estimated undiscounted future cash flows to be provided by the equipment total $60 million, and the equipment's fair value at that point is $40 million. Under these circumstances, Fryer: 76. Wilson Inc. owns equipment for which it paid $70 million. At the end of 2013, it had accumulated depreciation on the equipment of $12 million. Due to adverse economic conditions, Wilson's management determined that it should assess whether an impairment loss should be recognized for the equipment. The estimated undiscounted future cash flows to be provided by the equipment total $60 million, and the equipment's fair value at that point is $50 million. Under these circumstances, Wilson:
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