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Under U.S. GAAP, if the carrying value was $50,000, the undiscounted expected future cash flows was $55,000, the discounted expected future cash flows was $51,000 and the selling price was $53,000, what is the amount of Impairment Loss?

A) $5,000

B) $3,000

C) $1,000

D) $0

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M970264

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