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Jurassic company owns machinery that cost 996300 and has

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Jurassic Company owns machinery that cost $996,300 and has accumulated depreciation of $398,520. The expected future net cash flows from the use of the asset are expected to be $553,500. The fair value of the equipment is $442,800. Prepare the journal entry, if any, to record the impairment loss.

Reference no: EM13573929

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