12. Given the acquisition cost of product ALPHA s $21, the net realizable value for ALPHA is $20, the normal profit for product ALPHA is $1.00, and the market value (replacement cost) for product ALPHA is $17, what is the proper per unit inventory value for product ALPHA applying LCM? A) $21.00. B) $18.50 C) $19.00. D) $20.00 ration owns machinery with a book value of $590,000. It is estimated that the future cash flows of $610,000. The machinery has a fair value of 13. Hart Corpo machinery will generate $420,000. Hart should recognize a loss on impairment of A) $-0- B) $30,000. C) $150,000 D) $180,000. 14. Lynne Corporation acquired a patent on May 1, 2017. Lynne paid cash of $88,000 to the seller. Legal fees of S2.000 were paid related to the acquisition. What amount should be debited to the patent account? A) $2,000 B) $86,000 C) $90,000 D) $92,000