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Business, 02.12.2019 22:00

Finch construction purchased a new dump truck, but they are keeping their old dump truck in case they need excess hauling capacity. therefore, they decided that the old dump truck has lower future cash flows than the remaining book value of the truck and decide to write it off as an impairment. under what circumstance would they use the present value of expected future net cash flows to calculate the loss on impairment?

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