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7 Zenda Corporation purchased a building for $ 8 0 0 , 0 0 0 . The current book value of the building is $

7 Zenda Corporation purchased a building for $800,000. The current book value of the building is $400,000 and the fair value is $360,000. The sum of future cash flows from the building is $320,000. The amount of impairment loss that should be recognized is:
$240,000
$0
$40,000
$80,000
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