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The management of Riverbed Inc. was discussing whether certain equipment should be written off as...

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Accounting

The management of Riverbed Inc. was discussing whether certain equipment should be written off as a charge to current operations because of obsolescence. This equipment has a cost of $1,008,000 with depreciation to date of $448,000 as of December 31, 2017. On December 31, 2017, management projected its future net cash flows from this equipment to be $336,000 and its fair value to be $257,600. The company intends to use this equipment in the future.

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