Presented below is net assetinformation related to the Windsor Division of Santana, Inci. The purpose...
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Presented below is net assetinformation related to the Windsor Division of Santana, Inci. The purpose of the Windsor Division is to develop a nuclear-powered aircraft. If successful, traveling delays associated with refueling could be substantially reduced, Mary other benefits would also occur. To date, management has not had much success and is deciding whether a write-down at this time is appropriate. Management estimated its future net cash flows from the project to be $440 million. Management has also received an offer to purchase the division for $330 million (deemed anappropriate fair value). All identifiable assets' and liabilities' book and fair value amounts are the same. Prepare the journal entry to record the impairment at December 31, 2025. (if no entry is required, select "No Entry" for the account tities and enter O for the amounts. Credit account tities are automatically indented when amount is entered. Do not indent manually. List debit entry before credit entryd
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