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12. Eli Corporation owns machinery with a book value of $550,000. It is estimated that the machinery will generate undiscounted future cash flows of $640,000.

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12. Eli Corporation owns machinery with a book value of $550,000. It is estimated that the machinery will generate undiscounted future cash flows of $640,000. The machinery has a fair value of $630,000. Eli should recognize a loss on impairment of a. $10,000 b. $80,000. C. $0 d. $90,000

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