Jurassic company owns equipment that cost $900,000 and has accumulated depreciation of $380,000. the expected future net cash flows from the use of the asset are expected to be $500,000. the fair value of the equipment is $400,000. prepare the journal entry, if any, to record the impairment loss.

Which of the statements best describes why the aggregate demand curve is downward sloping? an increase in the aggregate price level causes consumer and investment spending to fall, because consumer purchasing power decreases and money demand increases. as the aggregate price level increases, consumer expectations about the future change. as the aggregate price level decreases, the stock of existing physical capital increases. as a good's price increases, holding all else constant, the good's quantity demanded decreases.