Based on the following information,what is the net amount that this equipment should be reported at on BAC's balance sheet at December 31,2018?

A)$200,000
B)$220,000
C)$230,000
D)$240,000

Name: Based on the following information,what is the net amount that this equipment should be reported at on BAC's balance sheet at December 31,2018? A)$200,000 B)$220,000 C)$230,000 D)$240,000
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Question

Based on the following information,what is the net amount that this equipment should be reported at on BAC's balance sheet at December 31,2018?

A)$200,000 
B)$220,000 
C)$230,000 
D)$240,000

Quizplus · Accepted Answer

A)Asset NBV = (500 - 300)= 200,000 which is lower than the recoverable amount;thus no impairment exists

Based on the Following Information,what Is the Net Amount That