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| Teaching Since: | May 2017 |
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MCS,MBA(IT), Pursuing PHD
Devry University
Sep-2004 - Aug-2010
Assistant Financial Analyst
NatSteel Holdings Pte Ltd
Aug-2007 - Jul-2017
At the end of Year 11, JJW Ltd. owns a patent with a remaining useful life of 10 years and a carrying amount of $400,000. JJW expects future net (undiscounted) cash flows from this patent to total $390,000. The patent’s fair value is $350,000 and the disposal costs are expected to be $15,000. The discounted cash flows (value in use) would be $375,000.
What impairment loss would JJW Corporation record on its books if it is a publicly traded enterprise?
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