ACCTG 390W Business Memo – Impairment
B anning Technology Background Banning Technologymanufacturesintegrated circuit boards used in cell phones and computers. To take advantage of low labor costs and less restrictive environmental regulations, Banning Technology (“Banning” or “the C ompany”) built a plant in a little know country just east of Italy. The plant was financed with non-recourse debt. It cost millions to build and management planned to operate it profitably for […]