Problem
Pallmall company has a truck that was purchased in prior years for $60,000. At the end of 2014, there is 30000 of accumulated depreciation. the value of the truck has been impaired, and its remaining value is now estimated at 18000. when pallmall adjusts for the loss of value, how much will the loss on impairment be?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.