the information that follows relates to equipment owned by headlands limited at december31m2023 cost...
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the information that follows relates to equipment owned by headlands limited at decemberm cost accumulated depriciation to date expected future net cash flowsundiscounted expected future net cash flows discountedvalue in use fair value coststo sell costs of disposal assumethat headlands will continue to use this asset in the future as of decembe the equipment has remaining a useful life of four years headlands uses the straight line method of depriciation Assume that headlands is a private companythatfollows ASPE prepare the journal entry at december to record asset impairment ifany prepare the journal entry to record depriciation expense for the equiment fair value at december is$ million prepare the journal entry if any, to record the increasein fair value
the information that follows relates to equipment owned by headlands limited at decemberm cost accumulated depriciation to date expected future net cash flowsundiscounted expected future net cash flows discountedvalue in use fair value coststo sell costs of disposal assumethat headlands will continue to use this asset in the future as of decembe the equipment has remaining a useful life of four years headlands uses the straight line method of depriciation Assume that headlands is a private companythatfollows ASPE prepare the journal entry at december to record asset impairment ifany prepare the journal entry to record depriciation expense for the equiment fair value at december is$ million prepare the journal entry if any, to record the increasein fair value
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