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Business, 26.03.2021 05:30 Epicbuildzz

crane company bought a machine on january 1, 2011 for $791000. the machine had an expected llife of 20 years and was expected to have a salvage value of $75000. on july 1, 2021, the company reviewed the potential of the machine and determined that its future net cash flows totaled $390000 and its fair value was $270000. if the company does not plan to dispose of it, what should crane record as an impairment loss on july 1, 2021

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