Kieso, Intermediate Accounting, 16e 02:04 PM/R 17 min On January 3, 2018, Waterway Industries owned...
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Kieso, Intermediate Accounting, 16e 02:04 PM/R 17 min On January 3, 2018, Waterway Industries owned a machine that had cost $403000. The accumulated depreciation was $235000, estimated salvage value was $23500, and fair value was $642000. On 4, 2018, this damages of $482000 against Carla Vista in favor of Waterway. At December 31, 2018, the final outcome of this case was awaiting appeal and was, therefore, uncertain. However, in the opinion of Waterway's attorney, Carla Vistals appeal will be denied. At December 31, 2018, what amount should Waterway accrue for this gain contingency? O $o. O $ 64200o. O $ 52450o. $407000. Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of 1 used
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