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  • Cedar Fair Operates Amusement Parks in The United States and

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    Cedar Fair operates amusement parks in the US and Canada. In 2013, Cedar Fair reported a $9 million gain on the sale of equipment, $125 million in depreciation expense, and $3 million impairment of equipment. Equipment costs were $1.45 billion to start and $1.5 billion to end, while accumulated depreciation rose from $1.16 billion to $1.25 billion with $120 million of new equipment purchased.

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    Cedar Fair Operates Amusement Parks in the United States And

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    Cedar Fair operates amusement parks in the US and Canada. In 2013, Cedar Fair reported a $9 million gain on the sale of equipment, $125 million in depreciation expense, and $3 million impairment of equipment. Equipment costs were $1.45 billion to start and $1.5 billion to end, while accumulated depreciation rose from $1.16 billion to $1.25 billion with $120 million of new equipment purchased.

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    7 views1 page

    Cedar Fair Operates Amusement Parks in The United States and

    Uploaded by

    Taimur Technologist
    Cedar Fair operates amusement parks in the US and Canada. In 2013, Cedar Fair reported a $9 million gain on the sale of equipment, $125 million in depreciation expense, and $3 million impairment of equipment. Equipment costs were $1.45 billion to start and $1.5 billion to end, while accumulated depreciation rose from $1.16 billion to $1.25 billion with $120 million of new equipment purchased.

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    Cedar Fair operates amusement parks in the United States

    and #2849
    Cedar Fair operates amusement parks in the United States and Canada. During fiscal 2013, it
    reported the following (in millions):From the income statement:Loss (gain) on sale of
    equipment…………………….. $ (9)Depreciation expense………………………………….. 125Impairment o
    equipment………………………………... 3From the balance sheetEquipment, beginning……………………
    1,450Equipment, ending…………………………………. 1,500Accumulated depreciation, beginning………
    1,160Accumulated depreciation, ending………………… 1,250Equipment costing $ 120 was purchased
    during the year.Required:For the equipment that was disposed of during the year, compute the
    following: (a) its original cost, (b) its accumulated depreciation, and (c) cash received from the
    disposal.View Solution:
    Cedar Fair operates amusement parks in the United States and

    ANSWER
    http://paperinstant.com/downloads/cedar-fair-operates-amusement-parks-in-the-united-states-
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