nting, 16e ORION western review in a response to a downturm in its markets, the

Question

nting, 16e ORION western review in a response to a downturm in its markets, the omtnon nforntetron Conmerng th h stos as hh fa ng facintes and competition frm a riveal thst opened nerw Original cost $36,078,900 $9,856,000 4 years remaining useful ife Appropriate discount rate 5 percent (a) loss, if any, that Bridgeport should report for fiscal 2016 and the book value at which Bridgeport should report the five stores on its fiscal year-end 2016 balance places, e.g. 1.25124 and the final answer to O decíimal places e.g. flows occur at the end of each year. (Round present value factor calculations to 5 decimal sheet. Assume that the 5,125. If no loss, enter amount as o.) Click if you would like to Show Work for this question: Oen Show Work Attemptst O of 15 used SAVE FOR LATER Vertion 4.24.3.3

Explanation / Answer

Impairment Loss = Book value of asset- Present value of future cashflow

Particulars Amount a Original Cost $     36,078,900.00 b Accumulated Depreciation $       9,856,000.00 c Book value (a-b) $     26,222,900.00 d Present value of Cashflow [WN 1] $     13,354,758.79 e Amount of Impairment loss (c-d) $     12,868,141.21

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