As of 31 December 2014, Lionel King Manufacturing Limited (LKM) recognized
an impairment loss of $400,000 on its delivery trucks with a cost of $1 million
and accumulated depreciation of $200,000 up to that date.
The original estimated useful lives of the trucks were 10 years and no revision
on the useful lives was made at the end of 2014. Straight-line depreciation basis
was adopted.
As of 31 December 2016, LKM forecasted that the cash inflows from the
delivery trucks would increase significantly. The value in use of the trucks would
be $700,000 on that date.
Determine whether a reversal of impairment loss can be recognized, and the
amount of reversal.

Select all that apply. what do opponents of minimum wage believe are the results of minimum wage? increases personal income results in job shortages causes unemployment raises prices of goods

Depreciation on the company's equipment for 2017 is computed to be $18,000.the prepaid insurance account had a $6,000 debit balance at december 31, 2017, before adjusting for the costs of any expired coverage. an analysis of the company's insurance policies showed that $1,100 of unexpired insurance coverage remains.the office supplies account had a $700 debit balance on december 31, 2016; and $3,480 of office supplies were purchased during the year. the december 31, 2017, physical count showed $300 of supplies available.two-thirds of the work related to $15,000 of cash received in advance was performed this period.the prepaid insurance account had a $6,800 debit balance at december 31, 2017, before adjusting for the costs of any expired coverage. an analysis of insurance policies showed that $5,800 of coverage had expired.wage expenses of $3,200 have been incurred but are not paid as of december 31, 2017.

Vincent is interested in increasing his earning potential upon completing his internship at a major accounting firm. which option can immediately boost his career in the intended direction? b. complete a certification from a professional organization c. complete a new four-year undergraduate program in a related field d. complete a two-year associate degree in a related field e. complete an online course in accounting