Record a loss on impairment based problem


The following information is available for Barkley Company's patents: Cost $1,720,000
Carrying amount 860,000
Expected future net cash flows 800,000
Fair value 640,000

Barkley would record a loss on impairment of ??

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Accounting Basics: Record a loss on impairment based problem
Reference No:- TGS095641

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