6 marks electric automobiles. The equipment is being depreciated using the double declining balance...
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marks electric automobiles. The equipment is being depreciated using the double declining balance method. During the year, new robotic technology was developed which is more efficient and precise in manufacturing large machinery such as cars. Some of Saber's competitors have already adopted this technology. Consequently, Saber conducts an impairment evaluation of its robotic equipment purchased in The following information was gathered during this evaluation, as of Saber's year end date of December : Undiscounted future cash flows Expected costs of disposing of the equipment Fair value of robotic equipment Present value of future cash flows value in use Cost of robotic equipment Accumulated depreciation on robotic equipment at December $ Saber Industries follows ASPE. Required: Determine the amount of the impairment loss, if any, for the robotic equipment for the year. Prepare an entry to record any required adjustment. 
marks electric automobiles. The equipment is being depreciated using the double declining
balance method.
During the year, new robotic technology was developed which is more efficient and
precise in manufacturing large machinery such as cars. Some of Saber's competitors have
already adopted this technology. Consequently, Saber conducts an impairment evaluation
of its robotic equipment purchased in The following information was gathered during
this evaluation, as of Saber's year end date of December :
Undiscounted future cash flows
Expected costs of disposing of the equipment
Fair value of robotic equipment
Present value of future cash flows value in use
Cost of robotic equipment
Accumulated depreciation on robotic equipment at December
$
Saber Industries follows ASPE.
Required:
Determine the amount of the impairment loss, if any, for the robotic equipment for the
year. Prepare an entry to record any required adjustment.
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