Mains corporation owns equipment with a cost of 290000 and, Financial Accounting

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Mains corporation owns equipment with a cost of 290000 and

Mains Corporation owns equipment with a cost of $290,000 and accumulated depreciation at December 31, 2014 of $150,000. It is estimated that the machinery will generate net future cash inflows of $165,000 on a present value basis. The machinery has a fair market value of $115,000 at December 31, 2014. Mains should recognize a loss for impairment of

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Financial Accounting: Mains corporation owns equipment with a cost of 290000 and

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Financial Accounting: Mains corporation owns equipment with a cost of 290000 and

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