At year end the Carleton Corporation reviewed all of its property,plant and equipment assets for impairment.It discovered that its boiler's recoverable amount exceeded its carrying value by $5,500.Another one of its assets,a warehouse building previously written down for an impairment of $12,750 experienced a financial recovery.Prepare the required adjustments.Note Carleton Corporation is a publicly traded corporation.

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The Answer of At year end the Carleton Corporation reviewed all of its property,plant and equipment assets for impairment.It discovered that its boiler's recoverable amount exceeded its carrying value by $5,500.Another one of its assets,a warehouse building previously written down for an impairment of $12,750 experienced a financial recovery.Prepare the required adjustments.Note Carleton Corporation is a publicly traded corporation.

At Year End the Carleton Corporation Reviewed All of Its