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Waterway Industries has equipment with a carrying amount of $2510000. The expected future net cash...

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Accounting

Waterway Industries has equipment with a carrying amount of $2510000. The expected future net cash flows from the equipment are $2545000, and its fair value is $2043000. The equipment is expected to be used in operations in the future. What amount (if any) should Waterway report as an impairment to its equipment? No impairment should be reported. $502000. $467000. $35000.

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